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Chevron's Australia LNG ops could face daily 10-hr stoppages as union fight escalates
Chevron's (CVX.N) two major liquefied natural gas (LNG) production facilities in Australia could face daily work stoppages of up to 10 hours next week after unions on Tuesday threatened labour action in a dispute over pay and conditions.
read more... 29/08/2023
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Consortium to invest EUR 2bn in solar module production in Germany
Three companies in the German photovoltaic industry are joining forces in a EUR-2-billion (USD 2.18bn) investment initiative to rebuild an integrated value chain for solar module production in Europe's largest economy.
read more... 21/08/2023
Daily (17.08.2023): Gas prices retreated on Wednesday as stable supplies outweighed Australian gas workers strike concerns
Oil prices declined on Wednesday, influenced by a robust dollar and declining in U.S. crude inventories, even though crude production reached its highest point in three years at 12.7 million barrels per day. Thus, Brent crude fell by 1.7% to close at $83.45 a barrel, while WTI crude traded 2% lower at $79.38 a barrel.
read more... 17/08/2023
Daily (07.08.2023): Oil prices extended gains on Friday after Saudi Arabia extended its production cuts until September
Oil prices climbed further on Friday, driven by tight supplies, as Saudi Arabia extended its cuts in production until September, while Russia followed its lead. Hence, Brent crude increased by 1.3% to $86.24 a barrel, while WTI crude advanced by 1.6% to settle at $82.82 a barrel.
read more... 07/08/2023
Daily (07.08.2023): Oil prices extended gains on Friday after Saudi Arabia extended its production cuts until September
Oil prices climbed further on Friday, driven by tight supplies, as Saudi Arabia extended its cuts in production until September, while Russia followed its lead. Hence, Brent crude increased by 1.3% to $86.24 a barrel, while WTI crude advanced by 1.6% to settle at $82.82 a barrel.
read more... 07/08/2023