European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow's ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge.
read more... 25/11/2022
Tuesday saw a rise in oil prices following U.S. statistics that suggested that inflation may start to drop, which would be favorable for oil demand. As a result, Brent crude settled 0.8% higher at $93.86 a barrel. WTI crude increased by 1.2% to $86.92 per barrel.
read more... 16/11/2022
The Hywind Tampen floating offshore wind farm off the west coast of Norway, which will supply power to oil and gas fields and cut their emissions, started producing its first power on Sunday, Norwegian energy firm Equinor said on Monday.
read more... 14/11/2022
Italy's gas grid operator Snam will invest 3.7 billion euros ($3.76 billion) in the national gas network to improve transport facilities from the south to the north of the country and boost supply from Africa, it said on Thursday.
read more... 11/11/2022
The European Union's executive body told its 27 member countries at a seminar on Monday that it was not possible to create a gas price cap that would not affect long-term contracts or supply security, two diplomatic sources told Reuters.
read more... 10/11/2022