The Gas Exporting Countries Forum's (2050) forecast report projects that global natural gas investments will total almost $9 trillion by 2050, with $8.2 trillion directed toward the upstream sector and $0.74 trillion for the midstream sector.
read more... 22/03/2024
On Tuesday, oil prices saw a notable rise amid rising tensions in the Middle East and tightening supplies. The suspension of some Russian gasoline exports also lent support to prices. Consequently, Brent crude oil price increased by 1.4% to $83.65 a barrel, while WTI Crude gained 2% to settle at $78.87 a barrel.
read more... 28/02/2024
Oil prices surged on Thursday, driven by indications of strong demand as US crude exports hit a historic high of 4.06 million bbl/day in 2023, reflecting a 13% rise from 2022. Persistent worries over tensions in the Middle East provided further support. As a result, Brent crude stood at $81.63 a barrel, while WTI crude settled at $76.22 a barrel, both contracts climbing by over 3% day-on-day.
read more... 09/02/2024
Oil prices surged on Thursday, driven by indications of strong demand as US crude exports hit a historic high of 4.06 million bbl/day in 2023, reflecting a 13% rise from 2022. Persistent worries over tensions in the Middle East provided further support. As a result, Brent crude stood at $81.63 a barrel, while WTI crude settled at $76.22 a barrel, both contracts climbing by over 3% day-on-day.
read more... 09/02/2024
The European Commission has asked the EU's energy regulator ACER to examine whether a tariff Germany added to its natural gas exports distorts the bloc's single market in a possible breach of competition rules, three sources close to the matter said.
read more... 29/01/2024