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Daily (11.08.2020): Oil prices started the week on a front foot amid Saudi Aramco's demand optimism, upbeat Chinese economic data
Crude oil futures were on the front foot at the beginning of the week, driven by optimistic remarks about demand from the CEO of the world's largest oil company, Aramco and positive economic data from China. In this context, Brent crude for October delivery rose by 59 cents, or 1.3%, to settle at $44.99 a barrel on ICE Futures Europe. At the same time, U.S. WTI crude for September delivery soared by 72 cents, or 1.8%, to close at $41.94 a barrel on the New York Mercantile Exchange.
read more... 11/08/2020
OPEC Deal Could Prompt Oil Price Rise to $45 Per Barrel By Year’s End – Gazprom Neft CEO
The OPEC+ deal will not prompt an immediate sharp rise in oil prices, but should the international community manage to curb the COVID-19 outbreak, it is possible that prices could rise to between $40 and $45 a barrel, Russia’s Gazprom Neft CEO Alexander Dyukov said.
read more... 14/04/2020
Russia has potential to produce 160 mln T of LNG a year -Novatek CEO
Russia has the potential to produce 160 million tonnes of liquefied natural gas (LNG) a year, the chief executive of independent gas producer Novatek , Leonid Mikhelson, said on Wednesday.
read more... 16/03/2020
RO coal and power group CEO plans 310MW PV parks
Romanian coal and power complex CE Oltenia plans to achieve the restructuring and decarbonisation targets, among others, by developing four photovoltaic (PV) parks, to be located on contaminated land such as the areas currently used to store sludge and ash produced by its thermal power plants, and a tailings dump, where residues from the coal mining operations are deposited, Economica.net reported.
read more... 06/03/2020
Poland ready to halt import of Russian gas
Poland is ready to ensure its energy supplies without importing gas from Russia due to the diversification of supplies and increasing LNG imports, Piotr Woźniak, the CEO of Poland’s state gas and oil company PGNiG has said.
read more... 24/10/2019