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Daily (05.12.2019): Oil prices skyrocketed about 4% on Wednesday ahead of the OPEC meeting

Crude oil prices skyrocketed on Wednesday, buoyed by hopes of deeper production cuts from OPEC and its allies and following a larger-than-expected drop in U.S. stockpiles. Brent crude soared by 3.6% to settle at $63 a barrel. WTI crude gained 4.2%, closing at $58.43 a barrel. It was its third straight day of gains, and its best day since September.

read more... 05/12/2019

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Russian natural gas exports to Austria hit new high

Russian natural gas exports to Austria have reached a new high during the year so far, heads of the two companies noted during a working meeting in St. Petersburg.

read more... 26/11/2019

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Russia and Ukraine on the brink of gas war

After December 31, gas transit through Ukraine will continue under the following conditions: resumption of direct purchases of Russian gas and zeroing of mutual legal claims. It is about the Ukrainian side’s waiver of the claim for almost 22 billion dollars. This was recently announced by the head of Gazprom, Alexey Miller, during a meeting with the German government’s commissioner for gas transit through Ukraine.

read more... 07/11/2019

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Germans outline 20GW offshore blueprint

Germany plans to start tenders for 5GW of new offshore wind in 2023 and start construction in 2027, a multi-state meeting in Hannover heard yesterday.

read more... 09/10/2019

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Scotland ‘will soon generate 100% of its power through renewables’

Scotland will soon be meeting the equivalent of 100% of its electricity needs from clean energy sources.

read more... 24/09/2019

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