Oil edges lower as economic worry outweighs production cuts
Market stakeholders await whether the Fed intends to hike or hold interest rates in June. Increased rates could slow down energy demand.
Equinor postpones oil project up to three years
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Ørsted breaks ground on Swedish e-methanol plant
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Shell does not yet believe in ammonia as an alternative fuel
Oil giant Shell points to liquified natural gas as the suitable alternative fuel for shipping.For subscribers
New player teams up with Norwegian oil group on carbon storage on Danish soil
Backed by Norwegian Bluenord, Danish Carboncuts aims to establish carbon storage on the isle of Lolland. It is still early days, but the project is expected to launch by the end of the decade.For subscribers
Oil climbs on potential pause in rate hikes
A passed US debt bill turns market sentiment on its head.For subscribers
Alleged drone attack sets Russian refinery on fire
A drone attack set an oil refinery in Krasnodar on fire, says regional governor.Weak Chinese activity weighs heavy on oil
The official Chinese manufacturing purchasing managers’ index shows gloomy projections.For subscribers
Ecopetrol and Repsol make Colombian hydrocarbon find
Exploration well in Colombia shows promise.For subscribers
Oil dips on concern over adoption of US debt default
Several members of the Republican Party said on Monday that they might want to oppose a deal that aims to raise the US debt limit.Oil slides on contradictory output outlooks ahead of OPEC+
Russia is apparently not looking to cut oil production, which Saudi Arabia signalled earlier this week could happen.For subscribers
Commercial breakthrough sends Welltec profits soaring
Similar to the unprecedented oil and gas prices, Danish Welltec presents its best-ever financial performance. Heydays enable a large chunk of debt to be written off, says CEO.For subscribers
Nature Energy bags major deficit
Fresh financial reports show that the Danish biogas company was mauled in 2022, which is a stark contrast to year before.For subscribers
Oil largely unchanged on risk-averse investors and production cuts
The US’s potential debt default is mitigating OPEC+’s supply downscaling.For subscribers
Oil gains on concerns over production reductions
Saudi Arabia’s energy minister on Tuesday warned against speculators, once again giving rise to worries about production cuts.For subscribers
PFA met with criticism for increasing investment in oil company
At the annual general meeting on Tuesday, PFA will vote against Shell’s own climate plan and at the same time refrain from supporting a stricter proposal from a number of investors.For subscribers
Deluge of challenges prompts Equinor to postpone OSW indefinitely
The Norwegian energy group reduced its assets in the Trollvind project on a previous occasion, and developments have now been put to a complete halt.For subscribers
EU plans more joint purchasing in energy sector
A successful common gas scheme provides the model for how the EU will match buyers and sellers of hydrogen and materials for green technologies.For subscribers
Ukrainian nuclear plant once again with power after recent breakdown
Another power failure at nuclear power plant Zaporizhzhia prompts the International Atomic Energy Agency to call for action.31 oil workers sue Equinor over failing to provide jobs
”As a union, we don’t quite understand why these people were not given jobs, it is completely illogical,” says Herdis Rosland Eide, secretary general in Norwegian union Industri Energi.For subscribers
Oil slides on US debt ceiling talks
US debt ceiling negotiations resume on Monday which will set the pace for crude and risk sentiment this week.Aker Solutions bags major South American order
The Norwegian oil major is set to deliver subsea umbilicals for an Exxonmobil-run project in Guyana.Oil dips marginally on demand concerns
The market is attentively waiting on the G7 summit taking place later this week.For subscribers
