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Daily (06.01.2020): Oil prices surged by about 5% on Tuesday amid OPEC output deal, Iran tensions
Crude oil futures rallied on Tuesday, after OPEC+ reached an agreement on production curbs starting in February, with Saudi Arabia voluntarily taking on a larger reduction. Continuing tensions over Iran’s seizure of a South Korean vessel brought further support to oil prices. Hence, Brent crude jumped by $2.51, or 4.9%, to settle at $53.60 a barrel. Meanwhile, U.S. WTI crude surged by $2.31, or 4.9%, to close at $49.93 a barrel.
read more... 06/01/2021
Italy's Edison sells Norway upstream assets to focus on energy transition
The deal, which includes a portfolio of five exploration licences and reserves of 25.9 million barrels of oil equivalent, is expected to close before the end of June
read more... 31/12/2020
Daily (28.12.2020): Market influenced on Thursday by Brexit deal and Christmas holidays
Oil prices were marked by monotonous trading on Thursday, due to the approaching Christmas weekend. Brent crude and WTI oil ended rather flat at $51.29 and $48.23 a barrel respectively.
read more... 28/12/2020
UK, EU agree to provisional post-Brexit trade agreement
The UK and EU have reached a provisional deal over their future trading relationship, avoiding the prospect of the two sides imposing tariffs on billions of dollars worth of imported goods from next year.
read more... 28/12/2020
E.ON and RWE ink PPA for Humber Gateway offshore wind farm
The deal comes into effect from 2022 until 2035 and includes the Renewables Obligation Certificates from the plant
read more... 17/12/2020