Crude oil prices rose on Wednesday, as a conference of Russian, Ukrainian, French, and German negotiators in Paris failed to produce any concrete results. In addition, the weekly EIA report revealed a decrease in US strategic oil reserves, driving prices higher. Despite an increase in weekly crude stockpiles, both Brent oil and WTI crude jumped by 2% to $89.96 a barrel and $87.35 a barrel, respectively.
read more... 27/01/2022
The UK looks to prevent power outages next winter season by setting a higher target for the 2022/2023 power capacity auction than the one recommended by grid operator National Grid Plc.
read more... 26/01/2022
Crude oil prices retreated on Thursday, pressured by an unexpected increase in US commercial crude stocks. However, extended constraints in global supply helped limit the downside. Thus, Brent oil slipped by merely 0.1% to $88.38 a barrel and WTI crude dropped by 1.6% to $85.55 a barrel.
read more... 21/01/2022
BP , Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pounds ($958 million) for public spending.
read more... 18/01/2022
Crude oil prices lost ground on Monday as supply issues in Kazakhstan and Libya attenuated, with traders watching the impact of coronavirus outbreaks in China. Hence, Brent crude fell by 88 cents, or 1.1%, to settle at $80.87 a barrel. U.S. West Texas Intermediate (WTI) crude decreased by 67 cents, or 0.9%, to end at $78.23.
read more... 11/01/2022