Oil prices drop marginally on Monday after China announced its lowest quarterly economic growth in 27 years, measured in GDP. This reinforced concerns about oil demand from the world's largest oil importer.
A barrel of European reference oil Brent costs USD 66.66 Monday morning against USD 66.80 Friday afternoon. US WTI oil is concurrently trading at USD 60.03 against USD 60.31 Friday afternoon. The oil price drop follows six weeks of growth, supported by cuts in US oil production and diplomatic conflicts in the Middle East.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Sweden applies for EU rule exemption for third consecutive year
Just as in 2019 and 2020, TSO Svenska Kraftnät has applied for exemption from the EU rule requiring 70 percent open transmission capacity in transnational interconnectors. Countertrading is the only solution, says Danish lobby.
Oil found in dark green funds has Danish FSA demanding sustainability of products claiming color
Passively managed funds must be just as sustainable as actively managed funds, says the Danish financial supervisory authority after oil was discovered in several index offerings.
Neste sees promising results testing fully green aviation fuel
This marks the first time sustainable aviation fuel has been tested in both engines of a commercial airplane.
Cadeler takes over 140 seafarers and reflags ships to Denmark
As of today, wind carrier Cadeler formally takes over responsibility for around 140 seafarers already working aboard the company's two vessels. Both ships are also reflagged as Danish today.
Noreco chair: "We have underperformed substantially"
The Norwegian oil company has failed to deliver both on its transformation strategy and shareholder returns, says Noreco Chair Riulf Rustad as the group's CEO, David B. Cook, announces his resignation Monday.
Project manager for analysis of major expansions in the electricity grid 
Compliance & GDPR Professional 
Do you want to help promote the green transition? 
Ministry of Foreign Affairs seeks Cleantech team leader for Invest in Denmark (Re-posting) 
In front of the green transition - unit manager for the Center for Energy Efficiency is sought 
Global Key Account Manager 
Green Investment Manager for Denmark's Green Investment Fund, Structured Finance