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Global coal demand set to remain stable through 2023, despite headwinds
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as declines in Europe and North America are offset by strong growth in India and Southeast Asia, according to the International Energy Agency’s latest coal market report, Coal 2018.
read more... 18/12/2019
Japan lines up Russian Arctic oil investment
Japan’s government and its state-owned oil group have emerged as leading contenders for a stake in Rosneft’s $157bn Arctic project.
read more... 12/12/2019
Daily (09.12.2019): Brent posts a 3.1% weekly gain following OPEC decision to reduce output target
Crude oil prices soared on Friday as OPEC+ agreed in Vienna to extend output cuts by 500,000 barrels per day in early 2020. Consequently, Brent crude rallied by $1, or 1.6%, to settle at $64.39. It recorded a weekly hike of 3.1%. U.S. WTI crude rose by 77 cents, or 1.3%, to $59.20 per barrel. For the week, WTI jumped 7.3%, after a 4% rise reached on Wednesday after data indicated sharp declines in U.S. crude inventories.
read more... 09/12/2019
Israeli oil firm underlines faith in North Sea after $2bn expansion move
Israeli oil firm Delek has underlined its readiness to increase investment in the North Sea after completing a $2 billion (£1.6bn) acquisition in the area.
read more... 12/11/2019
Daily (02.10.2019): Brent crude dipped by over 3% on Tuesday, on fears of weakening crude demand
Crude oil prices continued their downward evolution on Tuesday, following the news that U.S. factory data dropped to an over 10-year low in September due to fewer exports in the context of the U.S.-China trade tensions. A subsequent fall in equities market put more pressure on prices. Pessimistic manufacturing and inflation data in the Euro zone also weighed on the market. On the supply side, the declines in oil output from OPEC, Russia and the U.S. could prevent further losses. Brent crude tumbled by 3.1% to $58.89 a barrel. WTI futures traded 0.8% lower at $53.62 a barrel.
read more... 02/10/2019