Oil prices extended their gains on Friday, as supply shortages continued to boost prices, while indicators provided favourable news on demand in China and the United States. As a result, Brent crude edged 0.2% up at $93.93 a barrel, while WTI crude advanced by 0.7% to $90.77 a barrel.
read more... 18/09/2023
Germany will not be able to meet all of its hydrogen demand from piped gas, the cheapest way of transporting hydrogen, forcing the country to rely on costlier shipping options instead, according to a new study by influential think-tank Agora Energiewende.
read more... 18/09/2023
Oil prices climbed by 2% on Thursday, again reaching their highest level since November, boosted by fears of insufficient supply in the face of persistent demand for oil. As a result, Brent crude settled at $93.70 a barrel, while WTI crude stood at $90.16 a barrel.
read more... 15/09/2023
Crude oil prices remained relatively steady as they appeared to have reached a point of equilibrium due to the combination of declining demand and reduced OPEC production. Hence, Brent crude traded at $90.64 a barrel. Meanwhile, U.S. WTI edged 0.3% lower at $87.29 a barrel.
read more... 12/09/2023
Oil prices resumed their upward trend on Friday, boosted by the low level of US crude inventories, further tightening a market already worried about supply shortages. As a result, Brent crude edged 0.8% higher at $90.65 a barrel, while WTI crude rose by 0.7% to $87.51 a barrel.
read more... 11/09/2023