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Daily (26.05.2021): British gas prices moved upwards on Tuesday amid supply concerns, low storage and bullish carbon prices
Crude oil prices move a shade higher on Tuesday following the massive fluctuations last week and at the beginning of this week, with traders keeping an eye on developments in talks aimed at reviving the Iran nuclear deal. The approaching high season for oil and lifting restrictions in much of Europe and the United States provide further support to oil prices. Hence, Brent crude added 0.3% to settle at $68.65 a barrel. Meanwhile, U.S. WTI crude ended rather flat at $66.07 a barrel.
read more... 26/05/2021
UK to move away from colors in hydrogen strategy
The UK's much anticipated hydrogen strategy will take on a colorless approach when it is released by the middle of this year, the country's deputy director of hydrogen strategy said in a May 25 panel.
read more... 26/05/2021
France’s Total inks 5-year LNG supply agreement with AMNS in India
France’s Total and ArcelorMittal Nippon Steel (AMNS) have signed an agreement for the supply of up to 500,000 tons of liquefied natural gas (LNG) per year until 2026.
read more... 26/05/2021
UK will not stop new oil exploration despite IEA climate report
The UK is due to host the U.N. Climate Change Conference (COP26) in Glasgow, Scotland, in November and commissioned the International Energy Agency to chart a path towards net-zero emissions by 2050.
read more... 26/05/2021
Daily (25.05.2021): Oil prices soared by over 3% on Monday amid Iran uncertainty, demand hopes
Crude oil prices had found foothold again at the beginning of the new week amid uncertainty over whether US sanctions on Iran would be lifted and whether Iranian crude would return to the market. Optimism over rising demand globally added further support to oil prices. Hence, Brent crude soared by 3% to settle at $68.46 a barrel. Meanwhile. U.S. WTI crude surged by 3.9% to end at $66.05 a barrel.
read more... 25/05/2021