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Daily (14.10.2020): Oil jumps by 2% on Tuesday, amid upbeat oil trade data from China offsetting returning supply
Crude oil prices rose on Tuesday, supported by upbeat oil trade data from China. However, forecasts for a slow recovery in global oil demand as coronavirus cases rise, and returning supply, limited gains. Consequently, Brent crude climbed by 1.8% to $42.45 a barrel. WTI futures added 2% to close at $40.20 a barrel
read more... 14/10/2020
Croatia’s first FSRU nearing destination
Croatia’s first floating storage and regasification unit is nearing its final destination at its base on the island of Krk.
read more... 13/10/2020
Electric cars to triple market share in Europe amid COVID-19
This saw electric cars more than triple their market share in the European Economic Area (EEA), compared with the first half of last year, T&E said
read more... 13/10/2020
France to rein in export guarantees for oil and gas industry
In a second step, guarantees would be halted next year for projects involving heavy oil, shale oil and bitumen oil sands, affecting the creation of up to 700 new jobs, the ministry said in its proposal to parliament
read more... 13/10/2020
Daily (13.10.2020): Oil prices fell by about 3% on Monday, with WTI back below the psychological $40 level amid easing supply disruptions
Oil prices fell by about 3% on Monday due to easing supply disruptions easing in the U.S. and Libya, while the end of a workers’ strike in Norway is returning more output to a market struggling with an anemic demand. As a result, Brent crude for December delivery fell by $1.13, or 2.6%, to settle at $41.72 a barrel. Meanwhile, U.S. WTI crude for November delivery shed by 2.9%, or $1.17, to end at $39.43 a barrel.
read more... 13/10/2020