Latest news
Daily (08.03.2021): Oil prices closed at their highest levels in two years on Friday after OPEC+ decision to keep output steady in April
Crude oil futures rallied to their highest levels in nearly two years on Friday following a stronger-than-expected U.S. jobs report and a surprise decision by OPEC and its allies not to increase supply in April. Hence, Brent crude surged by $2.62, or 3.9%, to settle at $69.36 a barrel. At the same time, U.S. WTI crude soared by $2.26, or 3.5%, to end at $66.09 a barrel. For the week, Brent gained 4.9%, while WTI jumped by 7.5%.
read more... 08/03/2021
EU says it does not need Nord Stream 2, but only Germany can block it
The European Union does not need the Nord Stream 2 pipeline for its energy security but any decision to stop the project carrying Russian natural gas to Germany would have to come from Berlin, a senior European Commission official said on Tuesday.
read more... 24/02/2021
EU's 2030 goal requires 400 GW of wind, solar and tough decisions
Adding 162 GW of wind and 253 GW of solar capacity over 10 years, boosting electric vehicle (EV) sales and speeding up coal power plant retirements would result in a reduction of 53% in Europe’s emissions by 2030, but the bloc needs to do more to reach its 55% goal.
read more... 23/02/2021
Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive
Qatar Petroleum’s recently set a new record for the largest LNG export project ever. By 2026, the country will once again become the world's largest supplier of liquefied natural gas by overtaking Australia. The signing of the contract was delayed for a year due to economic uncertainty as a direct consequence of the Covid-19 pandemic. With the mega-expansion, the market could be oversupplied for years and the feasibility of other projects that are awaiting their investment decision could be in jeopardy.
read more... 23/02/2021
FID reached for Zeebrugge LNG regas capacity expansion
The company said on Monday that the decision has been made following the success of a freshly closed open season process.
read more... 16/02/2021