Crude oil prices recovered on Friday, as the United States and other nations signaled plans to support weakening economies. Brent crude traded 1.9% higher at $33.85 a barrel. In the same context, WTI futures rose by 0.7% to $33.85 a barrel. However, crude prices posted their worst week since the 2008 global financial crisis after the coronavirus epidemics weighed on the global economy. Furthermore, Saudi Arabia and Russia initiated an oil price war.
read more... 16/03/2020
After two years in intense negotiations, shadowed by on-off parallel talks with Turkey, Israel has agreed with European nations to supply the European Union with its future natural gas needs. The project will turn Israel into a significant fuel-exporting nation.
read more... 10/12/2018
Oil crude prices lost momentum on Wednesday after U.S. data revealed higher-than-expected domestic crude inventories. Moreover, the U.S. officials promised investors that the oil market will not experience supply shortages and Trump has once again urged OPEC to pump more oil in his speech at the United Nations on Tuesday. Nevertheless, a substantial drop in Iranian exports kept Brent price above $80. U.S. West Texas Intermediate (WTI) crude futures plunged by 1% down, or 71 cents, to settle at $71.57 a barrel. Meanwhile, Brent crude edged 0.7% down at $81.34 a barrel.
read more... 27/09/2018
Iranian President Hassan Rouhani, Azeri President Ilham Aliyev, Kazakh President Nursultan Nazarbayev, Russian President Vladimir Putin and Turkmen President Kurbanguly Berdymukhamedov walk on the embankment of the Caspian Sea following the Fifth Caspian Summit in Aktau, Kazakhstan August 12, 2018.
read more... 13/08/2018
Sun Exchange, a South African marketplace financing solar power via cryptocurrencies recently partnered with the United Nations Development Programme (UNDP) to power the Technical University of Moldova with cryptocurrency-funded solar energy.
read more... 22/05/2018