Oil prices closed lower on Wednesday, pressured by weak gasoline demand in the US and a decrease in geopolitical risk premium. However, an unexpected decline in US crude inventories helped mitigate these losses by providing some support to the market. Consequently, Brent crude fell by 0.5% to settle slightly above $88 a barrel, while WTI crude reached $82.81 a barrel, falling by 0.7% day-on-day.
read more... 25/04/2024
Spain's Enagas expects to present its proposal for a national hydrogen network in the coming days, following confirmation of its inclusion as a European Project of Common Interest, senior management said April 23.
read more... 24/04/2024
Egypt has halted all LNG exports from May onwards to meet is domestic needs, according to local media, in light of reduced gas production and heightened summer demand.
read more... 24/04/2024
Oil prices posted a slight increase on Friday ahead of an uncertain weekend following Israel's attack on Iran. Hence, Brent crude stood at $87.29 a barrel, down 0.2% day-on-day, while WTI crude fell by 0.5% to close at $83.14 a barrel.
read more... 22/04/2024
National Grid, a British electricity and gas utility, has formally launched the 1.4GW Viking Link Interconnector project, a subsea cable connecting UK and Denmark electricity grids.
read more... 22/04/2024