Oil markets lacked a clear direction on Monday, with the Brent and WTI crude climbing marginally at $68.32 a barrel and $64.92 a barrel despite a cyber-attack forcing the shutdown of major fuel pipelines in the United States. However, hopes of an upcoming general global demand recovery provided some upside pressure.
read more... 11/05/2021
The Dutch government has granted a consortium that includes oil majors Royal Dutch Shell and ExxonMobil around 2 billion euros ($2.4 billion) in subsidies for what is set to become one of the largest carbon capture and storage (CCS) projects in the world, the Port of Rotterdam said on Sunday.
read more... 11/05/2021
German environmental group Deutsche Umwelthilfe (DUH) has amended a lawsuit filed last year against Russian state-controlled Gazprom's 55bn m³/yr Nord Stream 2 project to seek a permanent construction freeze that would cancel the project.
read more... 11/05/2021
Global renewable electricity sources grew at their fastest pace in 20 years in 2020, the International Energy Agency said in a report May 11.
read more... 11/05/2021
Oil prices saw modest gains on Friday amid disappointing job report in the U.S. and despite the disastrous health situation in India, the world's third-largest consumer of oil. Hence, Brent crude added 0.3% to settle at $68.28 a barrel. Meanwhile, U.S. WTI crude settled at $64.90 a barrel, posting a 0.3% gain day-on-day.
read more... 10/05/2021