Norway’s Oil Boom Is Only Just Beginning
Norway’s revenues from oil and gas production hit a record high this year and are showing no signs of slowing down While Norway is a major supporter of clean energies, Continue Reading
No need for hasty decisions in oil market over Omicron, Russia’s Novak says
Russia sees no need for urgent action on the oil market over the new Omicron coronavirus variant, Deputy Prime Minister Alexander Novak was quoted as saying on Monday, downplaying possibility Continue Reading
Green hydrogen already competitive with polluting alternative- EU’s von der Leyen
High natural gas prices mean green hydrogen produced with renewable energy can already be cheaper than its carbon-emitting alternative, European Commission President Ursula von der Leyen said on Monday. “Because Continue Reading
Gazprom reports record quarter on surging gas prices, sees even better Q4
Russia’s Gazprom (GAZP.MM) on Monday reported a record quarterly net profit of 581.8 billion roubles ($7.8 billion) for the third quarter reflecting high natural gas prices and said it expected Continue Reading
New COVID variant Omicron triggers global alarm, market sell-off
The discovery of a new coronavirus variant named Omicron triggered global alarm on Friday as countries rushed to suspend travel from southern Africa and stock markets on both sides of Continue Reading
Oil prices drop more than 10% as virus variant threatens blow to demand
Oil prices plunged more than 10 percent on Friday as reports of a virulent new coronavirus variant sparked fears of more pandemic lockdowns and another blow to fuel demand, just Continue Reading
Oil Crashes More Than $10 as New Covid-19 Variant Roils Markets
Oil Market Overreacting to Covid News, Analyst Sen Says Oil prices suffered one of the largest ever one-day plunges, crashing more than 11% on Black Friday as a new coronavirus Continue Reading
OPEC+ monitoring new virus variant, some concerned over outlook – sources
OPEC+ is monitoring developments around the new coronavirus variant, sources said on Friday, with some expressing concern that it may worsen the oil market outlook less than a week before Continue Reading
OPEC+ Leans Toward Ditching Output Hike as Oil Sinks on Virus
Oil Market Overreacting to Covid News, Analyst Sen Says OPEC and its allies are increasingly inclined to ditch their plan to raise output next week, as a new virus variant Continue Reading
The IEA Lashes Out At OPEC As A New Oil Price War Looms
The head of the International Energy Agency has criticized OPEC for failing to do enough with regard to lowering oil prices While Biden coordinated a reserve release from multiple oil-consuming Continue Reading