LAST UPDATE: 17:48 Oil continues to rise after the small losses in the morning, while the market is weighing a series of supply cuts against smaller quotas in China, the largest importer of crude in the world, according to Bloommberg. In particular, the crude type West Texas Intermediate February Delivery is currently at $ 77.03 […]
Tag: oil
At 5 week high oil prices
Oil prices closed with gains on Wednesday, in the wake of data showing a sharp decline in US crude reserves, indicating stronger demand for energy. At the same time, traders appear cautiously optimistic, as preliminary studies show that the Omicron mutation causes milder symptoms than previous strains of the virus and eliminates the possibility of […]
NTUA: Which is the cheapest and which is the most expensive method of heating
By Harry Floudopoulos New data is created for households by the energy crisis, which has significantly increased the cost of heating homes, creating additional burdens on family budgets. The changes that have taken place in terms of heating costs, depending on the technology chosen to meet the needs of households, are highlighted by a study […]
Brent is close to $ 80 a barrel
Oil prices are expanding gains today, with Brent hovering close to $ 80 a barrel despite a sharp rise in Omicron cases, backed mainly by supply disruptions and expectations that US stocks have fallen. last week. Brent crude was up $ 1.04, or 1.3%, at $ 79.64 a barrel, while WTI in New York was […]
Petronas: The course of the oil recovery in 2022-2024 remains uncertain
Petroleum National Bhd (Petronas) expects that the path to a sustainable recovery in oil demand will remain fragile and uncertain in 2022-2024, due to the possible emergence of new coronavirus mutations, which could lead to new lockdowns. Although the release of vaccines has supported the recovery for transport fuels due to increased travel traffic, the […]
Significant oil gains – US crude recovers $ 75 / barrel
A reversal in today’s session with oil prices offsetting initial losses and closing with gains, as investors appeared willing to buy assets considered “risky”, despite concerns about the spread of the Omicron mutation. US crude was under pressure at the start of the session, as disruptions to the global flight program continued today, raising concerns […]
KEPE: Greece has little means to defend itself against energy increases
The structural causes for the strong blow to the energy sector that has negative consequences for the Greek economy as a whole are examined by KEPE in its analysis entitled “The Two Aspects of the Energy Crisis in the Greek Economy: Part A”. As KEPE concludes, our country in terms of energy is more exposed […]
Brent is expected to close in 2021 with profits
Brent is falling amid declining trading just before Christmas, but is still expected to end the week with a positive sign, amid indications that Omicron will have a less serious impact than previous executives. Brent in London fell 0.7% to $ 76 a barrel. While Omicron has led to travel restrictions and an increase in […]
‘Dive’ over 3.5% for oil prices
LAST UPDATE: 15.30 Oil prices plunged on Monday after a week of losses, with fears of a possible drop in crude demand amid a rapid spread of the Omicron mutation leading to new restrictive measures in many countries. Many U.S. companies have canceled their planned festivities and are urging their employees to return to teleworking, […]
Climate change threatens globally exploitable oil and gas fields
Most of the world’s oil and gas fields are threatened by extreme weather events, such as storms, floods and extreme temperatures caused by climate change, according to risk management company Verisk Maplecroft. Access to 600 billion barrels of oil, or 40% of the world’s recoverable oil and gas reserves, is threatened by extreme weather conditions. […]
