Top shipping insurance group will not cover ships linked to Nord Stream 2
The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S....
East Mediterranean states formally establish Egypt-based gas forum
Six states signed a charter for an Egypt-based energy forum on Tuesday, giving formal status to a group that seeks to promote natural gas exports from the eastern Mediterranean...
Barclays raises 2020 oil price outlook, expects limited downside to demand view
Barclays Commodities Research on Monday raised its oil price forecasts for 2020, citing limited potential downside to its demand outlook.
The bank raised its 2020 Brent...
Stocks weighed down by virus angst, lack of stimulus
Stocks struggled on Friday as worries about a resurgence in coronavirus cases and lingering disappointment that central banks merely affirmed their monetary support this week, without promising new stimulus,...
Oil steady as crews return to U.S. Gulf rigs
Oil prices steadied on Thursday after a decline earlier in the day as production started in the Gulf of Mexico after Hurricane Sally while a drawdown in U.S. crude...
Oil jumps above $41 as storm hits U.S. output, inventories drop
Oil rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore production and an industry report showed U.S. crude inventories unexpectedly decreased.
EU carbon market’s free handouts are impeding climate action, auditors say
The European Union should change the way it hands out free pollution permits in the bloc’s carbon market, which is failing to bring about deep cuts in emissions, EU...
Europe’s electricity could be 80% fossil fuel-free by 2030: industry group
As much as 80% of the European Union’s electricity could be fossil fuel-free by 2030, regardless of whether the European economy faces a prolonged economic crisis, industry association Eurelectric...
BP Whiting’s 102,000 barrel per day coker will remain offline for 2-3 weeks: source
The 102,000 barrel per day coker at BP’s refinery in Whiting, Indiana will remain offline for 2-3 weeks due to an unplanned issue, according to a source familiar with...
Brent oil benchmark dips but stays over $40/bbl
Oil prices dipped on Thursday after data showed U.S. crude stockpiles rose last week and the U.S. Energy Information Administration (EIA) downgraded its oil demand outlook, although the Brent...
