Latest news
Wartsila wins 100MW Asia storage deal
The system will support the grid as renewables are added
read more... 26/07/2019
Daily (03.07.2019): Crude oil prices fell by over 4% on Tuesday, weighed by demand worries
Crude oil prices posted an important loss on Tuesday, pressured by global oil demand concerns raised by weaker factory activity in Europe and Asia in June as well as by downbeat U.S. manufacturing data nearing a three-year low. Moreover, investors seemed to be rather disappointed that OPEC didn’t agree on larger output cuts. As a result, WTI futures plunged by 4.8% to $56.25 a barrel, while Brent crude tumbled by 4.1% to $62.40 a barrel.
read more... 03/07/2019
Novatek to sign final Arctic LNG 2 partner in June
Novatek’s second liquefied natural gas project the Arctic LNG 2 could be joined by a new partner from the Asian Pacific region.
read more... 27/06/2019
Daily (03.05.2019): EUAs fell by over 9% on a weekly basis, after the end of compliance purchase
The high level of U.S. crude stockpiles overshadowed the ongoing fears of a tighter supply, pushing crude oil prices lower on Thursday. Moreover, a potential rise in Saudi Arabia’s production to meet Asian refineries’ requests for more crude oil also weighed on prices. Consequently, WTI futures plunged by 2.8% to $61.81 a barrel, while Brent crude fell by 2% to $70.75 a barrel.
read more... 03/05/2019
UK’s LNG Imports Jump To Highest Since 2015
The UK is on track to import this month its highest volume of liquefied natural gas (LNG) since October 2015, as a wave of new global LNG supply and muted winter demand and low spot prices in Asia are boosting flows of the fuel to Europe.
read more... 19/03/2019