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Daily (01.11.2021): Oil prices gained ground on Friday, supported by an increase in Wall Street oil-linked index funds
Crude oil prices strengthened slightly on Friday, backed by the momentum from Wall Street’s oil-linked indexes. As a result, Brent crude inched 0.1% up at $84.38 a barrel and WTI oil gained nearly 1% at $83.57 a barrel.
read more... 01/11/2021
Russia to refocus energy strategy in bid to reach carbon neutrality by 2060
Russia's aim to be carbon neutral by 2060 -- announced by President Putin in the run-up to the COP26 climate meeting -- will require a huge restructuring of its economy, which is today heavily dependent on oil and gas revenues.
read more... 01/11/2021
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Gas companies in Europe made €4 billion from energy crunch
European gas transmission operators and their parent companies made €4 billion in profits in the first six months of 2021, even as the energy crisis was beginning to bite, according to analysis by the NGO Global Witness.
read more... 01/11/2021
Equinor sees its investment in NOAKA oil and gas at up to $4.2 bln
Equinor plans to invest 25-35 billion Norwegian crowns ($3-$4.2 billion) to develop the so-called NOAKA oil and gas fields with partners in the North Sea, it said on Friday.
read more... 01/11/2021
Daily (29.10.2021): Gas markets lost significant ground on Thursday, following President Putin statement on higher flows from Russia in November
Oil prices extended losses on Thursday, on previous news of an increase in US crude reserves. However, the market recovered as OPEC+ announced forecasts of a larger-than-expected drop in global stocks this year. Hence, Brent oil slipped by 0.3% to $84.32 a barrel and WTI crude edged 0.2% higher at $82.81 a barrel.
read more... 29/10/2021