Concerns over a potential EU ban on Russian petroleum exports lent support to crude prices. Thus, Brent crude increased by 3.8% to $111.55 a barrel on Friday.
read more... 16/05/2022
The Brent crude oil price stayed unchanged at $107.45 per barrel, as consistent Russian oil exports counterbalanced weaker Chinese demand.
read more... 13/05/2022
Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity.
read more... 12/05/2022
Global LNG demand will more than double from 356mn tonnes in 2020 to 800mn tonnes by 2050, "fuelled by solid demand from Asia and a rise in gas use for powering hard-to-electrify sectors", according to the Gas Exporting Countries Forum (GECF).
read more... 09/05/2022
President Vladimir Putin said on Thursday (14 April) that Moscow would work to redirect its energy exports eastward as Europe tries to reduce its reliance on them, adding that European nations would not be able to ditch Russian gas immediately.
read more... 18/04/2022