Oil price declines

Since Friday and over the weekend, the oil price has declined from USD 79.5 to USD 75.3 per barrel of North Sea oil, after OPEC countries flagged increased production.

RITZAU FINANS & SHIPPINGWATCH

The oil price has been sent back to approximately USD 75 per barrel, as Saudi Arabia and Russia have signaled increasing production from OPEC countries by approximately 100 million barrels per day, according to Reuters.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Equinor extracting new oil on old fields
For subscribers
Gazprom avoids fine but must follow EU antitrust regulations
For subscribers
Risk of increased production sends oil prices down
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Ocean Winds, alongside an old partner, will bid for 1 GW in an upcoming French offshore wind tender. | Foto: Ocean Winds

Renewables

Ocean Winds strengthens French collaboration

Engie and EDP Renewables’ joint venture, Ocean Winds, will along with Banque des Territoires participate in French tender featuring 1GW.

For subscribers

Oil & Gas

Semco Maritime lands Halfdan contract

For subscribers

To identify where the biggest savings can be made, Wärtsilä can create so-called digital twins of an existing vessel. | Photo: Sune Høegh, Mediaspektrum

Cleantech

Wärtsilä sees more carriers improving efficiency instead of switching fuel

For subscribers

From left to right: Eurowind CEO Jens Rasmussen together with people from the company's Special Task Unit, which will be responsible for the new facility. | Photo: Eurowind Pr

Cleantech

Eurowind takes over Danish hydrogen plant

For subscribers

Policy & Trading

World's first energy island sees political approval

A report showed on Tuesday that job vacancies in the US rose by the largest number in more than two years, fueling expectations that the Federal Reserve will keep interest rates high for longer. | Foto: Frederic J. Brown

Oil & Gas

Concerns over oil supplies overshadow high interest rates

Iberdrola cancels another offshore wind farm project
The best way forward is to ditch the contract and try again, says the Spanish company’s US subsidiary.
For subscribers
Crown Estate updates floating wind tenders
Offshore Wind Leasing Round 5 aims to establish new floating OSW technology off the coast of Wales and South West England.
TotalEnergies and Corio make bid for 1.3GW tender in New Jersey
The two companies’ joint venture, Attentive Energy, is hoping for a win in the state’s third offshore wind tender.
For subscribers
Equinor named as potential buyer for Wintershall Dea
TotalEnergies is also mentioned as a potential candidate, according to media Reuters.
For subscribers
Wavepiston needs to triple investments to reach goal
The Danish wave energy developer is looking into several demonstration projects that will hopefully pave the way for full-scale commercialization.
For subscribers
Commissioner prepared to delay tariffs on electric vehicles between EU and UK
The only potential beneficiary of planned tariffs between the EU and the UK is China, according to EU Commissioner Valdis Dombrovskis.
For subscribers