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Month: May 2022

Category:
  • Denmark

Denmark Fully Prepared To Be Cut Off From Russian Gas

Denmark has joined the list of countries refusing to pay for Russian gas using a ruble conversion scheme, prompting the country’s state-run gas company on Monday to warn that Gazprom Continue Reading

Posted On : 31 May 2022 Published By : Tom Whipple
Category:
  • Electric Trucks

Mercedes-Benz eActros LongHaul with 500 km range to enter production in 2024

Following the market launch of the eActros for heavy-duty distribution transport in 2021, Mercedes-Benz Trucks is systematically pressing ahead with the introduction of additional battery-electric models for this and coming Continue Reading

Posted On : 31 May 2022 Published By : Tom Whipple
Category:
  • Prices

Crude oil futures climb for eighth day as supply outlook remains bullish

Tightness in refined product markets continues to buoy oil prices Singapore 0.5%S marine fuel swap structure at all-time high Investors skittish after Iran seizes two Greek oil tankers Crude oil Continue Reading

Posted On : 30 May 2022 Published By : Tom Whipple
Category:
  • Prices

Brent Crude Tops $120 as Shanghai Eases Curbs, EU Leaders Meet

 Oil climbed as China eased anti-virus lockdowns and the EU worked on a plan to ban imports of Russian crude. Brent crude topped $120 a barrel, before paring some gains, Continue Reading

Posted On : 30 May 2022 Published By : Tom Whipple
Category:
  • Prices

Oil prices climb to over 2-month highs ahead of EU meeting on Russia sanctions

Oil prices rose on Monday, hitting their highest in more than two months, as traders waited to see whether a planned European Union meeting would reach an agreement on banning Continue Reading

Posted On : 30 May 2022 Published By : Tom Whipple
Category:
  • Prices

U.S., European thirst for fuel sends physical oil prices soaring

Sky-high refining margins for diesel and gasoline in Europe and the United States, driven by a cutoff in Russian supply, has sent prices for some types of physical crude oil Continue Reading

Posted On : 30 May 2022 Published By : Tom Whipple
Category:
  • Africa
  • Agriculture

War in Ukraine adds to food price hikes, hunger in Africa

It now costs Ayan Hassan Abdirahman twice as much as it did just a few months ago to buy the wheat flour she uses to make breakfast each day for Continue Reading

Posted On : 30 May 2022 Published By : Tom Whipple
Category:
  • OPEC

OPEC+ looks to a future with Russia beyond the pandemic’s oil output cuts

Current OPEC+ supply agreement ends in September Quotas will need renegotiating, with credibility at stake Ministers to meet June 2 to set July production targets Come September, OPEC’s oil market Continue Reading

Posted On : 30 May 2022 Published By : Tom Whipple
Category:
  • Australia
  • Natural Gas Supply

Shell greenlights $2.5 bln Crux gas project off Australia

 Shell Plc (SHEL.L) said on Monday it had given the go-ahead to develop the Crux gas field off Australia, which analysts estimated would cost around $2.5 billion. Construction is expected Continue Reading

Posted On : 30 May 2022 Published By : Tom Whipple
Category:
  • Coal
  • India

India plans to phase down at least 81 coal-fired utilities in 4 years – document

India plans to phase down at least 81 coal-fired utilities over the next four years, the federal power ministry told top energy department officials of state and federal governments in Continue Reading

Posted On : 30 May 2022 Published By : Tom Whipple

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