Latest news
Daily (28.03.2022): Attacks by Yemeni rebels followed by a huge fire at Jeddah oil facilities sent oil prices higher on Friday
Oil prices strengthened on Friday, following news of a massive fire which broke out at oil facilities in Jeddah, Saudi Arabia, following attacks by Yemeni rebels. As a result, Brent crude and WTI oil both surged by 1.4% to $120.65 a barrel and $113.90 a barrel.
read more... 28/03/2022
.jpg)
Support grows for reopening Dutch gas taps amid supply crisis
An increasing number of people and industry experts in the Netherlands are in favour of producing more gas from the country’s huge but depleting Groningen gas field amid growing concerns about a Europe-wide energy supply crunch.
read more... 25/03/2022
.jpg)
EU tables plan to certify gas storage operators, threatening Russia’s Gazprom
A new mandatory certification scheme for owners of gas storage infrastructure was tabled by the European Commission on Wednesday (23 March), warning that those posing a security risk to Europe will have to give up ownership or cede control of facilities.
read more... 25/03/2022
.jpg)
EU will consider making countries fill gas storage
The European Union will consider whether to require member states to fill their natural gas storage to prescribed levels, a senior official said as the bloc seeks energy security amid fears of a conflict in Ukraine involving major supplier Russia.
read more... 22/02/2022
Daily (22.02.2022): Oil prices moved upwards on Monday as Russia-Ukraine tensions escalated
Crude oil prices continued to increase on Monday amid heightening tensions between Russia and Ukraine after Russian President Vladimir Putin recognized Donetsk and Luhansk in Ukraine East as independent states. Hence, Brent crude soared by 2% to settle at $95.39 a barrel. U.S. WTI crude added 0.6% to end at $91.59 a barrel.
read more... 22/02/2022