Tag Archives: International

Oil prices had peaked to their highest levels since the assault on two Saudi Arabian production facilities last September.

OPEC members pumped 29.50 million barrels per day (bpd) last month.

Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their key Middle East suppliers.

Electric cars’ share of new registrations in Norway surged to a record in 2019. helped by Tesla Inc.’s best year ever in the Nordic country.

The Norwegian energy firm recently invested £64mto buy an additional 6.5m shares in the solar firm.

The King’s Lynn power station will receive capacity payments until 2035 under a 15-year contract. which starts in October 2020.

RWE Generation. Ørsted and UK Power Networks will pay into a redress fund run by energy watchdog Ofgem.

The latter company is developing a way of producing hydrogen from waste plastic. with a view to completing the first facility this year.

The British. French and German foreign ministers meet in Brussels on Tuesday to hold urgent talks over Iran as they prepare their reaction after Tehran’s decision to scrap the nuclear enrichment limits under a 2015 accord.

A flare-up in U.S.-Iran tension may be keeping oil elevated. but an actual disruption to global crude supplies is needed to keep prices at current levels.