Oil prices continued to gain ground on Tuesday, supported by a return of risk appetite amid easing concerns about turmoil in the banking sector. Thus, Brent crude rose by 2% to $75.32 a barrel.
read more... 22/03/2023
U.S. crude oil exports hit a record high in 2022 as releases from the Strategic Petroleum Reserve (SPR) nearly matched the increase in domestic output to boost U.S. supply to countries looking to replace Russian crude.
read more... 16/03/2023
Finland's much-delayed Olkiluoto 3 (OL3) nuclear reactor resumed test production of electricity on Wednesday after an outage of more than two months, facility operator TVO said.
read more... 15/03/2023
Oil prices lost momentum on Tuesday as the Chinese National People’s Congress estimate a lower-than-expected GDP growth target of around 5%, hence this could cause a fall in oil demand. A rise in US oil output also weighed on prices. Hence, Brent crude fell by 3.4% to settle at $83.29 a barrel.
read more... 08/03/2023
French power supply is set to rebound from low nuclear output in 2022, returning the country to the role of a net exporter, though a long maintenance schedule and current low hydropower availability are concerns heading into warmer months.
read more... 02/03/2023