Eu

Oil Price

Australia's Woodside Sees Low Oil Prices into 2021

Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year.

Nuclear Policy

NGOs Demand Place for Nuclear in EU Taxonomy

A group of more than 100 scientists and environmentalists have written to the European Commission calling for a "timely and just assessment" of nuclear energy i…

Climate Policy

Major Corporates Urge EU to Put Net Zero at Heart of Covid-19 Recovery Plans

European Corporate Leaders Group joins EU's independent green finance advisory panel in calling for green coronavirus recovery plan.

Crude Oil

U.S. Oil Companies Begin Sending Crude To Strategic Petroleum Reserve

U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, citing a Department of Energy official.

LNG

US $2.8bn Export LNG Carriers to be Constructed in China

CSSC Chairman Lei Fanpei, Saad Sherida AI-Kaabi, president and CEO of Qatar Petroleum and the Minister of State for Energy Affairs signed the contract online on…

Crude Oil

$10 Oil Forces U.S. Drilling Giant To File For Bankruptcy

Diamond Offshore Drilling has filed for Chapter 11 bankruptcy protection, becoming the second major victim of the oil market crash so far, after Whiting Petrole…

Oil & Gas Trade

China's Comprehensive LNG Import Price Down

China's comprehensive import price index for liquefied natural gas (LNG) fell last week, according to Shanghai Petroleum and Natural Gas Exchange (SHPGX).

Oil & Gas Trade

Refined Oil Product Freight Rates Nearly Double in a Week

Refined oil tanker rates surged this week to their highest level in 11 years.

Market Analysis

Uncapping Germany’s 1 TW of PV potential

EuPD Research has conducted a survey showing that potential investors see Germany’s 52 GW cap for solar incentives in the residential segment as the main barri…

Market Analysis

EU needs clear European Green and Solidarity Pact by September

Stark predictions around the unprecedented economic challenges facing Europe (and the world) are starting to take shape.

Hydrogen Fuel Cell Vehicle

Volvo and Daimler Launch €1.2bn Fuel Cell Truck Joint Venture

Two of the largest automakers in Europe are teaming up to produce more hydrogen powered vehicles.

Crude Oil

Russia Cuts European Sea Ports Oil Exports To 20-Year-Low

Exports of Russia’s key export blend Urals are expected to slump to the lowest level since at least the early 2000s, according to data from Refinitiv Eikon.

Crude Oil

Azerbaijan Imposes Oil Cuts on BP-Led Fields

Azerbaijan's BP-led Azeri-Chirag-Guneshli project will have to cut output sharply from May for the first time ever as the country moves to meet its commitment u…

Thermal Coal

Sweden Exits Coal Two Years Early

The Nordic nation is now the third European country to have waved goodbye to coal for power generation. Another 11 European states have made plans to follow sui…

Crude Oil

In Rare Development, Oil Majors Are Forced To Cut Output Under OPEC Deal

A British Petroleum-led project in Azerbaijan will have to cut production in May for the first time as Azerbaijan will need to take drastic measures to meet its…