Oil prices edged lower on Thursday, weighed by a stronger dollar and increased optimism of a ceasefire between Israel and Hamas. Despite the relatively subdued stance conveyed by the US Federal Reserve (Fed) on Wednesday, indicating potential future reductions in interest rates, Brent crude oil stood at $85.78 a barrel, while WTI crude settled slightly above $81 a barrel.
read more... 22/03/2024
Belgium's Chamber of Representatives has agreed to give the nuclear phase-out law an urgent procedure status, a spokesperson for Energy Minister Tinne van der Straeten said on Friday, confirming a report from Belga news agency.
read more... 04/03/2024
The prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports form Israel, Oxford Institute of Energy Studies (OIES) said.
read more... 09/11/2023
Europe’s gas balance may tighten this winter due to turmoil in the Middle East as Egypt is expected to stop LNG exports amid lower supply from Israel and lower domestic production, experts said this week.
read more... 27/10/2023
Oil prices saw a 2% uptick on Wednesday, boosted by Iran's call for an oil embargo against Israel and a decline in US crude stockpiles driven by heightened exports and rising domestic demand. Hence, Brent crude settled at $91.45 per barrel, while WTI crude ended at $88.32 per barrel.
read more... 19/10/2023