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OIL AND OIL DERIVATES

Zarubezhneft open to new gas and renewable projects in Republika Srpska - CEO

Date: 18.10.2021 Author: Peter Palčec
Zarubezhneft open to new gas and renewable projects in Republika Srpska - CEOPhoto: Alenka Lena Klopčič

Russian state-controlled oil company Zarubezhneft is interested in new gas production and renewables projects in the Republika Srpska entity of Bosnia and Herzegovina (BiH), said CEO Sergey Kudryashov

Oil hovers at multi-year highs on energy crisis

Date: 18.10.2021 Author: Robin Newbold, Montel
Oil hovers at multi-year highs on energy crisisPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices were trading at fresh multi-year highs on Monday amid a global energy supply shortage, with crude being utilised for power generation.

Oil demand gets boost from soaring gas prices – IEA

Date: 14.10.2021 Author: Jeff Coelho, Montel
Oil demand gets boost from soaring gas prices – IEAPhoto: Simona Drevenšek

Global oil demand is rising faster than expected as soaring gas prices have prompted a switch to oil, the International Energy Agency said on Thursday.

Crude prices rise on possible gas to oil switch this winter

Date: 14.10.2021 Author: Robin Newbold, Montel
Crude prices rise on possible gas to oil switch this winterPhoto: Victor Habbick via FreeDigitalPhotos

Crude prices rose on Thursday amid expectations soaring gas prices would lead to a switch to oil to meet heating demand needs this winter.

Opec trims 2021 oil demand outlook despite energy squeeze

Date: 13.10.2021 Author: Jeff Coelho, Montel
Opec trims 2021 oil demand outlook despite energy squeezePhoto: Tanja S. Volarič

Opec has revised down its global oil demand outlook for 2021, largely due to lower-than-expected consumption levels in the first three quarters of the year, despite a squeeze on energy supplies.

Energy transition is “too slow” to reach net zero goal – IEA

Date: 13.10.2021 Author: Jeff Coelho, Montel
Energy transition is “too slow” to reach net zero goal – IEAPhoto: Roman Peklaj

The world is gradually transitioning towards green energy, but the pace is too slow to achieve net zero emissions by 2050, the International Energy Agency (IEA) said on Wednesday.

Oil hovers around multi-year highs as energy crisis persists

Date: 12.10.2021 Author: Robin Newbold, Montel
Oil hovers around multi-year highs as energy crisis persistsPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices continued to hover around multi-year highs on Tuesday as sky high coal and gas indicated tight demand ahead with crude being used as a substitute for more expensive fuels.

Slovenian Petrol increases market share in Croatia to 23%

Date: 07.10.2021 Author: Tanja Srnovršnik
Slovenian Petrol increases market share in Croatia to 23%Photo: Petrol

The Slovenian energy company Petrol has closed its 191.7m acquisition of the Croatian oil and gas company Crodux Derivati Dva, increasing its market share in Croatia from 13% to 23%, said Petrol on

Coal at fresh high as supply concerns linger

Date: 04.10.2021 Author: Rachael Burnett, Montel
Coal at fresh high as supply concerns lingerPhoto: Energetika.NET archive

European coal prices hit fresh record highs on Monday amid ongoing supply shortages, pushing up gas.

CO2, gas hit new highs as markets “on fire”

Date: 28.09.2021 Author: Nathan Witkop and Julia Demirdag, Montel
CO2, gas hit new highs as markets “on fire”Photo: Roman Peklaj

European carbon, gas and oil markets rose to new highs on Tuesday, with the gas and oil markets as the main drivers, before some prices eased in the afternoon.

Global oil demand set to plateau after 2035 – Opec

Date: 28.09.2021 Author: Jeff Coelho, Montel
Global oil demand set to plateau after 2035 – OpecPhoto: Tanja S. Volarič

Global oil demand looks set to level off after 2035, as industrialised nations accelerate the transition to cleaner energy and consumption growth remains strong in developing countries such as China

Oil exceeds USD 80/bbl on signs of global supply crunch

Date: 28.09.2021 Author: Robin Newbold, Montel
Oil exceeds USD 80/bbl on signs of global supply crunchPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices exceeded USD 80/bbl for the first time in three years on Tuesday amid indications of a global supply crunch.



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