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EU, US strike LNG deal as Europe seeks to ditch Russian gas
The United States will aim to supply 15 billion cubic metres (bcm) of additional liquefied natural gas (LNG) to EU markets this year to help Europe break away from Russian fossil fuel supplies, the two sides announced on Friday (25 March).
read more... 28/03/2022
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Daily (16.03.2022): Oil prices fell below $100 a barrel on Tuesday amid China lockdown, hopes for a nuclear deal
Crude oil prices fell below $100 a barrel on Tuesday after China, the world’s largest oil importer, imposed new lockdowns to fight against an outbreak of the coronavirus, move which could jeopardize demand. Suggestions that Russia could allow the revival of the nuclear deal with Iran to go ahead put further downward pressure on prices. Hence, Brent crude shed by 6.5% to settle at $99.91 a barrel. U.S. WTI crude dropped by 6.4% to end at $96.44 a barrel.
read more... 16/03/2022
Daily (07.03.2022): Crude oil surged to new multi-year highs on Friday amid supply fears
Crude oil prices surged to multi-year fresh highs on Friday amid ongoing supply worries as traders avoided buying Russian oil products, outweighing optimism about Iran nuclear deal. Hence, Brent crude spiked by 6.9% to settle at $118.11 a barrel., its highest level since February 2013. U.S. WTI crude soared by 7.4% to end at $115.68 a barrel, its highest finish since September 2008.
read more... 07/03/2022
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Daily (04.03.2022): Oil prices saw a downward correction on Thursday amid hopes of a nuclear deal between Iran and the US
Oil prices retreated from a decade high on Thursday amid hopes of a nuclear deal between Iran and the US. Hence, Brent crude decreased by $2.47, or 2.2%, to settle at $110.46 a barrel. U.S. WTI crude fell by $2.93, or 2.6%, to end at $107.67 a barrel.
read more... 04/03/2022
Daily (21.02.2022): British gas prices were bearish on Friday, on forecasts for milder weather and higher renewables output
Crude oil prices were mixed on Friday, as escalating tensions in the Russia-Ukraine crisis were offset by prospects of returning Iranian crude supply, as talks moved forward on a nuclear deal. As such, Brent oil rose by 0.6% to $93.54 a barrel. At the same time, WTI crude fell by 0.8% to $91.07 a barrel.
read more... 21/02/2022