Crude oil prices increased to hit their highest levels since December 1, as the bullishness on China reopening and the demand recovery outweighed recessionary fears. Hence, Brent crude rose by $1.18, or 1.4%, to settle at $86.16 per barrel. U.S. WTI crude added 85 cents, or 1.1%, to settle at $80.33 per barrel.
read more... 20/01/2023
Italian energy group Eni and U.S. energy major Chevron said on Sunday they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea.
read more... 16/01/2023
Crude oil prices continued to gain ground on Thursday, driven by hopes of rising demand in China and the prospect of softening inflationary pressures. Figures showing U.S consumer prices unexpectedly fell in December lent further support. Hence, Brent crude rose by $1.36, or 1.7%, to settle at $84.03 a barrel. U.S. WTI crude settled at $78.39 a barrel, gaining 98 cents, or 1.3% day-on-day.
read more... 13/01/2023
Norway's Vaar Energi, majority owned by Italy's Eni, said on Friday it had made a gas discovery near the Goliat field in the Arctic Barents Sea, supporting the group's long-term plans to expand in the area.
read more... 26/12/2022
A consortium of Italy’s Eni and France’s TotalEnergies has found more natural gas off Cyprus, boosting Europe’s hopes for a clean break from Russian gas.
read more... 22/12/2022