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Norway’s Surprise Natural Gas Nationalization Plan Even Broader Than Expected
Norway’s plan to nationalize natural gas assets includes more than just Gassled’s natural gas pipelines, new information revealed in a letter from the Norwegian energy minister showed on Friday.
read more... 08/05/2023
Daily (08.05.2023): Oil prices rose on Friday but fell for the third week in a row due to economic woes
After three days of losses for global benchmark Brent, the much-anticipated technical rebound in oil occurred on Friday. Hence, Brent crude soared by 3.9% to settle at $75.30 a barrel. Meanwhile, U.S. WTI crude surged by 4.1%, to close at $71.34 a barrel as U.S. employers added 253,000 jobs in April. However, prices slumped for the week amid persistent economic woes.
read more... 08/05/2023
Daily (05.05.2023): Oil prices recovered slightly after sharp losses on Wednesday, although concerns about the global economy curbed gains
On Thursday, oil prices recovered slightly after sharp losses posted on Wednesday in an attempted technical rebound, although concerns about the economic situation and the banking sector prevented prices from rallying significantly. Hence, Brent crude added 0.2% to settle at $72.50 a barrel. WTI crude remained rather stable to bearish at $68.56 a barrel.
read more... 05/05/2023
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G7 climate ministers consider endorsing new gas investments
Climate ministers of the Group of Seven countries may make the case for new investments in natural gas supply, despite assessments that such investments would thwart globally agreed climate change goals, according to a document seen by Reuters.
read more... 07/04/2023
Brussels eyes grid flexibility to reduce reliance on pricey fossil fuels
The European Commission is proposing new measures to help the EU power grid adapt to changes in demand, aiming to reduce reliance on pricey fossil fuels and enable more renewables to come online.
read more... 06/04/2023