Oil prices pulled back from gains notched on strong Chinese data and ongoing supply restraint from OPEC+ group as the likelihood of a new round of lockdowns in Europe due to increasing coronavirus cases raised concerns over a possible setback in energy demand. Hence, Brent crude lost 0.5% to settle at $68.88 a barrel. Meanwhile, U.S. WTI crude ended at $65.39 a barrel, declining by 0.5% day-on-day.
read more... 16/03/2021
The Maritime and Port Authority of Singapore (MPA) has awarded a third Liquefied Natural Gas (LNG) bunker supplier license to Total’s subsidiary in charge of worldwide bunkering activities, Total Marine Fuels Private Limited, for a five-year term starting January 1st, 2022.
read more... 16/03/2021
Crude oil prices edged lower on Friday, weighed by concerns on rising interest rates and the gradual restart of refineries. Hence, both Brent and WTI oil slipped by 0.6% to close at $69.22 a barrel and $65.61 a barrel, respectively.
read more... 15/03/2021
The UK is expected to drive the upcoming projects across oil and gas value chain in Europe, accounting for about 25% of the total projects which are likely to start operations by 2025. Amongst these, new build projects lead with 62% while the remaining are expansion projects mainly in the upstream sector (fields), according to GlobalData, a leading data and analytics company.
read more... 15/03/2021
The largest grid operator in the Netherlands and Germany, TenneT, has unveiled plans to spend up to €5 billion (£4.2bn) every year to build the electricity infrastructure needed for the energy transition.
read more... 15/03/2021