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Russia’s oil output rebounds from 3-year-low

Russia’s oil production in the past few days has recovered to the ceiling that Moscow has pledged in the OPEC+ deal, Russian Energy Minister Alexander Novak said, after output had dropped to nearly 3-year lows in the 1st days of July, Oilprice reported.

read more... 22/07/2019

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Equinor, partners ink deal for 200 MW of floating wind off S Korea

Norway’s Equinor ASA Korea National Oil Corporation (KNOC) and Korea East-West Power Corporation have signed a consortium agreement for the development of a 200-MW floating offshore wind project in South Korea.

read more... 10/07/2019

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Russia, Saudi agree to extend OPEC production cut deal: Vladimir Putin

Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said on Saturday.

read more... 01/07/2019

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Ukrainian gas reserves up by almost half as country prepares for no deal with Russia

Ukrainian state gas company Ukrtransgaz, the gas transmission operator of Naftogaz Ukraine, has announced that natural gas reserves in the country’s underground storage facilities had grown by 48.5 per cent to reach more than 13 billion cubic metres as of June 22. The figure is the highest in six years.

read more... 25/06/2019

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Daily (12.06.2019): EU carbon prices dropped by almost 1% due to a weaker energy complex

Oil prices were flat on Tuesday, amid uncertainty regarding the agreement of Saudi Arabia and Russia to extend a crude output-cutting deal. Meanwhile, U.S.-China trade tensions continue to put pressure on demand for crude. As a result, Brent crude remained untraded at $62.29, while WTI futures edged 0.02% higher at $53.27 a barrel.

read more... 12/06/2019

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