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Daily (17.08.2022): Brent crude slipped towards $92 a barrel for the first time since 18 February amid weak economic data
Crude oil prices continued to lose ground, to hit their lowest level since before Russia's invasion of Ukraine, mainly due to a combination of a worsening demand outlook and the prospect of Iran pumping more oil. Hence, Brent crude fell by $2.76, or 2.9%, to settle at $92.34 a barrel. WTI crude shed by $2.88, or 3.2%, to settle at $86.53 a barrel.
read more... 17/08/2022
Daily (10.08.2022): EUAs expiring in December 2022 surged to a four-week high on Tuesday
The news that some oil supplies on the Russia-to-Europe Druzhba pipeline that crosses through Ukraine had been stopped combined with worries that a slowing economy could cut demand, resulted in a modest decline in oil prices on Tuesday. As such, Brent crude oil price settled 0.4% lower at $96.31, while WTI crude ended 0.3% down to settle at $90.50 a barrel.
read more... 10/08/2022
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EU plan to cut gas use by 15% set to come into effect
An EU plan to cut gas consumption across the bloc by 15 per cent to cope with an energy price crisis spurred by Russia’s war in Ukraine comes into effect on Tuesday (9 August).
read more... 09/08/2022
Equinor's UK Rosebank investment to reach $5.2 billion
Equinor's Rosebank oil and gas field in the British North Sea will require capital expenditure of about 4.3 billion pounds ($5.22 billion), Equinor's UK upstream chief Arne Guertner told Reuters on Friday.
read more... 08/08/2022
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G7 mulls options to restrict Russian oil profits
The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its invasion of Ukraine, unless it heeds a price cap.
read more... 03/08/2022