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Rosneft and Vitol strike first major oil trading deal since 2013
Trading firm Vitol has started taking delivery of oil from Russia's top producer Rosneft under a new long-term supply deal as the two companies deepen their cooperation, four industry sources told Reuters.
read more... 06/10/2021
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UK Looks To Support Rollout Of Nuclear Fusion Energy
The United Kingdom will start work to create a regulatory framework for supporting research and development of nuclear fusion technology to enable the delivery of clean and safe energy, the government said on Tuesday in response to a report from an independent expert committee on regulations.
read more... 02/06/2021
Daily (01.06.2021): Brent crude nears $70 a barrel as demand outlook improves
Oil prices gained ground on Monday, with Brent crude for August delivery rising by 0.5% at $69.32 a barrel amid growing demand expectations for the rest of the year, as lockdown measures are gradually withdrawn in large parts of the western world. Meanwhile, U.S. WTI crude increased by 0.9% at 66.90 a barrel. British gas contracts did not trade on Monday due to the Spring bank holiday.
read more... 01/06/2021
Suez ship congestion could delay 10 LNG cargoes to Europe
Dislodging a container ship blocking the Suez Canal, one the world’s busiest trade routes, may delay delivery to Europe of around 1 million tonnes of liquefied natural gas (LNG) on 10 vessels if the blockage lasts for two weeks, researcher Rystad Energy said.
read more... 26/03/2021
Daily (11.03.2021): NBP price for front-month delivery gained 5% on Wednesday due to cold weather forecasts
Crude oil prices edged higher on Wednesday, as the EIA’s weekly report showed continued disruptions in US oil production following February’s cold wave. Hence, Brent crude rose by 0.6% to $67.90 a barrel and WTI oil was 0.7% up at $64.44 a barrel.
read more... 11/03/2021