Crude oil futures gained ground on Friday amid encouraging signs of demand recovery as OPEC and its allies are fully committed to cut production. Hence, Brent crude for August delivery rose by 68 cents, or 1.6%, to settle a barrel at $42.19 a barrel. At the same time, U.S. WTI crude for July delivery soared by 91 cents, or 2.3%, to end $39.75 a barrel. For the week, Brent crude rallied by 8.9%, while WTI jumped by 9.6%.
read more... 22/06/2020
LNG giant Shell said it recently signed a deal to supply carbon-neutral liquefied natural gas cargoes to CNOOC Gas & Power Group, a unit of China National Offshore Oil Corporation.
read more... 22/06/2020
Crude oil futures climbed on Thursday following the OPEC+ monitoring panel meeting that emphasized the critical importance of adhering to full conformity. However, additional coronavirus cases reported in parts of the United States and China added to market jitters. Hence, Brent crude for August delivery soared by 80 cents, or 2%, to settle at $41.51 a barrel. At the same time, U.S. WTI crude settled at $38.84 a barrel, up 88 cents, or 2.3%.
read more... 19/06/2020
The project in Trafford is expected to help the country make the most of its solar and wind energy resources
read more... 19/06/2020
RWE and German LNG Terminal have agreed to jointly explore the development of green hydrogen possibilities via the planned LNG terminal in Brunsbüttel.
read more... 19/06/2020