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Russia's Novatek brings forward start date for Arctic LNG 2's third train to 2025
Russia's Novatek plans to start up the third train at its 19.8 million mt/year Arctic LNG 2 project in 2025, CEO Leonid Mikhelson said May 17, earlier than previous guidance of 2026.
read more... 18/05/2021
Daily (16.03.2021): Oil prices softened on Monday data amid fears of slow recovery in demand
Oil prices pulled back from gains notched on strong Chinese data and ongoing supply restraint from OPEC+ group as the likelihood of a new round of lockdowns in Europe due to increasing coronavirus cases raised concerns over a possible setback in energy demand. Hence, Brent crude lost 0.5% to settle at $68.88 a barrel. Meanwhile, U.S. WTI crude ended at $65.39 a barrel, declining by 0.5% day-on-day.
read more... 16/03/2021
Daily (05.02.2021): Oil prices extend gains, to hit their highest levels in a year amid OPEC commitment to curb supply
Oil prices rose on Thursday, to settle at their highest levels in over a year, propelled by OPEC+ commitment to restraint global supplies and falling U.S. inventories. However, the continued strengthening of the US dollar limited gains. Hence, Brent crude rose by 38 cents, or 0.7%, to settle at $58.84 a barrel. U.S. WTI crude increased by 54 cents, or 1%, to end at $56.23 a barrel.
read more... 05/02/2021
Sweden: Record Market Share Of Plug-In Electric Cars (49%) In December 2020
Volkswagen ID.3 was not only the top-selling plug-in model but the overall best-selling car, regardless of powertrain.
read more... 12/01/2021
Daily (29.12.2020): The energy markets on a front foot on Monday despite slightly lower oil prices, with investors back to the market after a Christmas break
Oil prices retreated on Monday as worries about looming new supply from OPEC+ and a weak demand a on the back of a new aggressive strain of the coronavirus overshadowed the positive news of the passing of a US stimulus package. Hence, Brent crude fell by 43 cents, or 0.84%, to settle at $50.86 a barrel. At the same time, U.S. WTI crude settled at $47.62 a barrel, declining by 61 cents, or 1.26% day-on-day.
read more... 29/12/2020