Crude oil prices edged lower on Wednesday, weighed by a further increase in commercial petroleum stocks in the United States. Brent oil slipped by 0.6% to close at $68.00 a barrel and WTI crude ended 0.3% down at $64.60 a barrel.
read more... 18/03/2021
US engineering company Bechtel and Sweden's Hexicon will work together to demonstrate Hexicon's twin turbine floating offshore wind foundation for large-scale projects in UK waters, Bechtel said on Monday.
read more... 18/03/2021
Ofgem could call on energy suppliers to return £1.4 billion to customers in Britain under latest proposals to limit the amount of customer credit balances they can hold.
read more... 18/03/2021
Iraq and French oil major Total are in talks to jointly work on developing associated gas and solar power projects, the country's oil minister said March 17, as OPEC's second largest producer seeks to reduce dependence on Iranian energy imports needed for power generation.
read more... 18/03/2021
Crude oil prices retreated for a third consecutive day on Monday amid vaccine rollout disruption in the Eurozone as France, Germany and other European states halted the use of the AstraZeneca vaccine, raising concerns about fuel demand recovery. Moreover, rising U.S. inventories put pressure on WTI crude. Hence, Brent crude declined by 0.7% to settle at $68.39 a barrel. Meanwhile, the U.S. crude benchmark WTI fell by 0.9% to end at $64.80 a barrel.
read more... 17/03/2021