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Daily (05.07.2022): British gas prices continued their uptrend on Monday amid reduced flows from Norway
Oil prices recovered on Monday as supply side issues due to weaker OPEC output, unrest in Libya and sanctions on Russia outweighed fears of global recession. Hence, Brent crude increased by 1.7% to settle at $113.50 a barrel. US WTI crude gained 1.8% to end at $110.41 a barrel.
read more... 05/07/2022
Brent oil stalls as market weighs supply disruption, recession fear
Brent oil prices were little changed on Tuesday, reversing earlier gains of $1, as investors weighted supply concerns, highlighted by a potential production cut in Norway, and worries about a possible global recession curtailing fuel demand.
read more... 05/07/2022
(Daily 04.07.2022): Natural gas prices continued to rise on Friday amid high demand and tight supply
Brent oil prices declined on Friday due to demand skepticism, mounting concerns about the possibility of a worldwide economic slowdown, and the confirmation by Opec+ of a projected increase in supply. Consequently, Brent fell by 2.8% to settle at $111.63 a barrel. In contrast, WTI price increased by 2.5% on Friday to close at $108.43 a barrel as supply disruptions in Libya and anticipated shutdowns in Norway offset concerns that demand would be negatively impacted by an economic slowdown.
read more... 04/07/2022
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EU, Norway agree to increase gas deliveries as Russian cuts deepen
The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe's biggest producer to the EU's 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies.
read more... 24/06/2022
Equinor team evaluates potential for 1GW Norwegian floater
Equinor, Petoro, TotalEnergies, Shell and ConocoPhillips have initiated a study looking into possible options for building a 1GW floating offshore wind farm in the Troll oil field area some 65km west of Bergen, Norway.
read more... 20/06/2022