Latest news
Daily (05.02.2021): Oil prices extend gains, to hit their highest levels in a year amid OPEC commitment to curb supply
Oil prices rose on Thursday, to settle at their highest levels in over a year, propelled by OPEC+ commitment to restraint global supplies and falling U.S. inventories. However, the continued strengthening of the US dollar limited gains. Hence, Brent crude rose by 38 cents, or 0.7%, to settle at $58.84 a barrel. U.S. WTI crude increased by 54 cents, or 1%, to end at $56.23 a barrel.
read more... 05/02/2021
Daily (20.01.2021): Energy prices rebounded on Tuesday amid bullish sentiment on the market
Oil prices gained momentum on Tuesday in line with a weakening dollar, boosted by the prospect of further economic support in the United States. Hence, Brent crude for March delivery rose by $1.15, or 2.1%, to settle at $55.90 a barrel. Meanwhile, U.S. WTI crude settled 62 cents, or 1.18%, higher at $52.98 per barrel.
read more... 20/01/2021
Portugal on track to become coal-free by year end
The Sines coal plant in Portugal went offline at midnight yesterday evening (14 January), leaving Portugal with just one remaining coal power station in operation, which is scheduled for closure in November.
read more... 15/01/2021
DNV GL Exits Nord Stream 2 as New Sanctions Loom
DNV GL is withdrawing from the Nord Stream 2 gas pipeline in response to a possible widening of US sanctions against companies conducting pipeline testing, inspection, or certification services for the project to bring more Russian gas to Europe.
read more... 12/01/2021
Daily (11.01.2021): Crude oil prices strengthened by 3% on Friday to hit 11-month highs
Crude oil prices were bullish on Friday, reaching 11-month highs, supported by signals of tightening global supply. Thanks in part to production cuts by OPEC+ members, Brent crude surged by 3% to $55.99 a barrel, while WTI oil closed 2.8% higher at $52.24 a barrel.
read more... 11/01/2021