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Natural Gas
High Gas Prices Push up Electricity Cost in EU
Spot natural gas prices trading in the Netherlands soared this week near to record highs seen in October. Electricity prices have surged across Europe.
Crude Oil
Goldman Says Oil could hit $100, Demand might Reach ‘New Record High’ in the Next Two Years
Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.
Offshore Wind Power
First Commercial PPA in Croatia Signed by wpd, Danske Commodities
Energy project developer and operator wpd and energy trader Danske Commodities signed a fixed-price commercial power purchase agreement – PPA for the Orlice wi…
Crude Oil
Oil Prices Rise On Record U.S. Oil Demand
The price of WTI crude rose nearly 2% on Thursday on EIA reports that U.S. implied petroleum products demand had risen to record heights.
Oil Price
Iran Bases Its 2022 Budget on $60 oil
The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year.
Oil Price
Saudis Foresee Oil Price Spikes from Energy Transition Efforts
Saudi Arabia’s finance minister echoed warnings from the kingdom’s oil officials that a slowdown in fossil-fuel investment globally will cause spikes in energ…
Crude Oil
Oil Prices Steady and on Course for Biggest Weekly Gain Since Late August
Lingering concerns as to whether the Omicron variant may push border movement restrictions during the festive season
Oil & Gas Trade
U.S. to Sell 18 mln Barrels of Oil from Reserves on Dec 17
The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from the strategic petroleum reserve on Dec. 17, as part of a previous…
Oil & Gas Supply
Oman Bases 2022 Budget on Oil Price of $50/b, up from $45/b in 2021
2022 oil output forecast at 1.055 mil b/d vs 960,000 b/d in 2021
Solar Company
China’s Solar Giants Make a Bid to Dominate Hydrogen Power
Firms accelerate electrolyzer production, seek to slash prices
Natural Gas
European Gas Extends Gains as Giant Field in Norway Cuts Output
European natural gas prices extended gains as one of the region’s biggest fields curbed output because of a fault.
Electricity Trade
Electricity Prices in Ireland Among Dearest in Europe
Comparative study reveals cost of power in State to be lower than that in UK
Crude Oil
Top U.S. Shale Producer Worries Oil Prices could Run too Hot
Scott Sheffield, the chief executive of top U.S. shale producer Pioneer Natural Resources Co, on Tuesday said he worries oil prices could get too high and furth…
Oil Price
Saudi Arabia Hikes Oil Prices Despite Omicron Fears
Arab Light will next month sell for $0.60 more per barrel than it does this month for buyers in Asia
Coal Price
NE Asia Coal Prices Retreat on Lower Restocking Demand
The northeast Asian coal market retreated this week in line with wider price weakness in Asia-Pacific.
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