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Denmark allows Nord Stream 2 to complete pipeline hit by US sanctions
By allowing the usage of anchored vessels, the permit gives Nord Stream 2 more freedom of choice of Russian pipelaying vessels it can use for finalising construction
read more... 08/07/2020
Kremlin says Nord Stream-2 gas pipeline will be completed
The construction of the undersea Nord Stream-2 gas pipeline to Europe will be completed, the Kremlin said on Thursday amid threats of additional sanctions against the project from the United States.
read more... 29/05/2020
Daily (20.02.2020): Oil prices soared by more than 2% due to U.S. sanctions on Rosneft, tensions in Libya, coronavirus cases receding
Oil prices soared by more than 2% on Wednesday, supported by a slowdown in the spread of the coronavirus, U.S. sanctions against the Russian black gold giant Rosneft and the unrest in Libya. Brent crude for April delivery rose by $1.37, or 2.4% to settle at $59.12 a barrel. U.S. WTI crude ended at $53.29, gaining $1.24, or 2.4%.
read more... 20/02/2020
Chevron, Total sanction $5.7bn development of Anchor oil field
Chevron and Total to move ahead with development of Anchor oil field. Photo: courtesy of C Morrison from Pixabay.
read more... 13/12/2019
Daily (19.09.2019): French year-ahead power price surged by 4% on Wednesday, amid eased French nuclear reactor worries
Crude oil prices continued to fall on Wednesday, as U.S. President chose to impose substantially increased sanctions rather than military action against Iran, while expressing U.S. readiness for the second measure. Further pressure came from Saudi Arabia’s commitment to bring its oil production back to pre-attack levels by the end of September. A surprise build in the U.S. crude inventories last week put more pressure on prices. As a result, Brent crude dropped by 1.5% to 63.60 USD/bbl, while WTI futures dipped by 2.1% to 58.11 USD/bbl.
read more... 19/09/2019