Latest news
Equinor discovers gas, condensate in North Sea
Proven reserves are between 3 and 10 million standard cubic meters of recoverable oil equivalent
read more... 09/07/2020
Austria shuts down last coal-fired power plant
Austria, an Alpine nation with no significant fossil fuel reserves of its own, still has more than a dozen power plants burning gas and oil.
read more... 16/06/2020
Hard coal alliance proposes runtime extension for 'reserve' under Germany's phase-out - report
An alliance of hard coal plant operators plans to achieve an expansion of the runtime of Germany's seven most modern hard coal plants by proposing to shift them into an "energy transition reserve" to back up intermittent renewable power production, Christian Geinitz reports for the Frankfurter Allgemeine Zeitung.
read more... 26/05/2020
Bulgaria plans state company to manage fuel storage and trade
Bulgaria plans to set up a state-owned company to manage oil and fuel reserves and build petrol filling stations across the Balkan country to boost competition and ensure fair prices for consumers, the government said on Monday.
read more... 19/05/2020
Daily (14.05.2020): Oil prices turned bearish on Wednesday on wait-and-see approach adopted by investors
The solemn speech from the U.S. Federal Reserve Chair Jerome Powell stating that economic recovery would be a long process led to a plunge in oil prices, despite the first decline in U.S. inventories since January. Brent crude fell 79 cents, or 2.6%, to $29.19 a barrel. West Texas Intermediate crude futures dropped by 78 cents, or 1.9%, to $25.29.
read more... 14/05/2020