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Crude buoyed by cold weather, sanctions, China recovery – oil CEO

16/01/2025

The rally in crude markets could get continued support from cold weather, sanctions and a recovery in demand from China,

Equinor awarded 27 new production licences on the Norwegian continental shelf

16/01/2025

The Ministry of Energy has awarded Equinor 27 new production licences in this year’s Awards in Predefined Areas (APA).

Equinor was

Middle East Crude-Benchmarks stable around over 1-year high

15/01/2025

Middle East crude benchmarks Oman, Dubai and Murban steadied on Wednesday at around their highest in over a year after

Six EU countries call for lowering of G7 price cap on Russian oil

15/01/2025

Six European Union countries on Monday called on the European Commission to lower the $60 per barrel price cap put

The Commodities Feed: Energy supply uncertainty

15/01/2025

Energy – Colonial pipeline outage
Oil prices fell yesterday with ICE Brent down 1.35% to settle below US$80/bbl. Reports of

Greece’s natural gas consumption rose 30% last year

15/01/2025

Greece consumed 30% more natural gas last year than in 2023 as power producers, big industries and domestic consumers ramped

U.S. crude oil inventories down last week: API

15/01/2025

The American Petroleum Institute (API) on Tuesday reported a decrease of 2.6 million barrels of crude oil in U.S. inventories

Will Joe Biden’s new oil sanctions really hurt Russia?

15/01/2025

The Biden administration’s time is almost up, but in its final days it has taken decisive action on Russian oil,

Russia’s Lavrov says potential bankruptcy or sale of Nord Stream 2 gas pipeline operator would be theft

15/01/2025

Russian Foreign Minister Sergei Lavrov said on Tuesday that the potential bankruptcy or sale of the operator of the completed

Westwood Insight – Offshore EPC contracting activity to remain buoyant in 2025

15/01/2025

In 2024, engineering, procurement and construction (EPC) contracting activities related to offshore oil and gas field development and carbon sequestration

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