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Daily (04.05.2020): First weekly gain in a month for Brent crude, as OPEC alliance started to cut more production
Crude futures added ground on Friday, after OPEC and its allies started to reduce more production to tackle the supply excess caused by the coronavirus pandemic. Consequently, Brent crude traded 4.6% higher at $26.44 a barrel. Similarly, WTI futures climbed by 5% to $19.78 a barrel
read more... 04/05/2020
Daily (24.03.2020): NBP spot fell by 7% amid weak demand and supply glut
Crude oil prices ended higher in a volatile session on Monday, after Fed announced extensive new measures to support the economy crippled by the coronavirus. Moreover,the U.S. indicated the possibility of an alliance with Saudi Arabia to stabilize prices. However, the sentiment remains bearish on worries about economic recession.
read more... 24/03/2020
Daily (09.03.2020): Brent crude records the biggest daily loss since 2008 after OPEC deal collapses
Crude oil futures plunged on Friday after the disintegration of the OPEC+ alliance led to an all-out price war between Saudi Arabia and Russia that is likely to have political and economic consequences.
read more... 09/03/2020
Scots forge new alliance with 8GW offshore vision
The Scottish government and offshore wind industry have launched a new partnership that aims to reach 8GW of installed capacity by 2030.
read more... 29/10/2019
S. Arabia and Russia to boost energy cooperation
Saudi Arabia and Russia are set to form a new alliance for investments in energy and infrastructure, according to Russia's Energy Minister Alexander Novak on Monday.
read more... 15/10/2019