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Italian Eni starts natural gas production off coast of Sicily

Argo Cassiopea Field's gas reserves estimated at around 10 bcm, with peak annual production expected to reach 1.5 bcm

read more... 20/08/2024

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Poland's Orlen agrees North Sea crude supply deal with BP

Polish refiner Orlen has contracted BP to supply 15% of its feedstock demand with North Sea crude over the next year, it said Aug. 19, as it has sought to shore up supply links for its European operations.

read more... 20/08/2024

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Daily (19.08.2024): Oil prices dipped by 2% as Chinese economic concerns outweighed Middle East tensions

Oil prices fell by around 2% on Friday as concerns over the struggling Chinese economy outweighed Middle East tensions. Brent crude closed at $78.94 per barrel, while WTI crude settled at $76.65 per barrel.

read more... 19/08/2024

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China's EV makers lose ground in EU after new tariffs take effect

European Union tariffs slowed the influx of Chinese-made electric vehicles in July, as the bloc moved to protect its automakers from low-cost competition.

read more... 19/08/2024

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Can Europe Survive Winter Without Russian Gas?

Over the past two years, Europe has rapidly distanced itself from Russia’s energy commodities in protest to Russia’s war in Ukraine. The European Union first placed an embargo on the import of crude oil from Russia in December 2022, followed by an embargo on oil products (including petrol and diesel) in February 2023.

read more... 19/08/2024

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