Category archives for energy

On rising output, US natgas futures fell 2% to a new 11-week low.

  • 27 June, 2022
  • 5:40 pm EEST

On rising output, US natgas futures fell 2% to a new 11-week low. On Monday, U.S. natural gas futures fell about 2% to an 11-week low on rising output and lower demand expectations for the next two weeks, owing in…

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Oil prices rise 4%, and Brent crude is above $113

  • 24 June, 2022
  • 6:11 pm EEST

Oil Prices Rise 4%, And Brent Crude Is Above $113 Oil prices rose about 4% on Friday, June 24, supported by a supply shortage, although crude is heading for a second weekly decline amid concerns that higher interest rates could…

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Increased natural gas production in Norway to compensate Europe for Russian supplies Oil is down about 3%.

  • 23 June, 2022
  • 2:03 pm EEST

Norway has boosted its production of natural gas at the expense of crude oil, in an effort to secure alternative supplies to compensate European countries for Russian gas, which meets nearly half of the old continent's needs. Europe is the…

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The renewable energy maintenance market could reach $250 billion by 2030

  • 22 June, 2022
  • 6:27 pm EEST

Emission reduction targets boost global spending on maintenance in the renewable and low-carbon sectors, slowly pulling the rug out of the oil and gas industry. In a recent report, energy research firm Rystad Energy predicts that the maintenance, modification and…

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China’s imports of Russian oil jump 55% in May

  • 20 June, 2022
  • 5:48 pm EEST

China's imports of Russian oil jumped 55% last May, displacing Saudi Arabia from the first place among crude suppliers to Beijing, 19 months after Riyadh topped the list. China's General Customs Administration data indicated today, Monday, June 20, that Russian…

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