On Friday, oil prices experienced a notable upswing as investors took precautionary measures leading into the weekend, driven by uncertainties surrounding the Middle East conflict and the market's expectation of an extended OPEC+ production cut. Consequently, Brent crude settled at $81.43 a barrel, while WTI crude closed at $77.17 a barrel, both contracts climbing by about 2%.
read more... 13/11/2023
The German government has reached a five-year agreement on a package of measures to support industry in the face of high electricity prices, as it steps up efforts to stop firms relocating to countries with lower production costs.
read more... 10/11/2023
Air Products and Chemicals said on Monday it will build, own and operate a carbon capture and carbon dioxide (CO2) treatment facility at its existing hydrogen production plant in Rotterdam, Netherlands.
read more... 08/11/2023
Oil prices recovered slightly on Monday, after Saudi Arabia and Russia reaffirmed their crude production and export cuts until the end of the year. Consequently, Brent crude closed at $85.18 per barrel, and WTI crude ended at $80.82 per barrel.
read more... 07/11/2023
Europe’s gas balance may tighten this winter due to turmoil in the Middle East as Egypt is expected to stop LNG exports amid lower supply from Israel and lower domestic production, experts said this week.
read more... 27/10/2023