Oil climbs over $67 as strong demand in US & China counters concerns over surging Covid cases in India

Global crude prices advanced as optimism over heavy demand by the world’s major consumers, China and the US, offset falling demand in India, which is currently battling the second wave of the Covid-19 pandemic. … Read More >Oil climbs over $67 as strong demand in US & China counters concerns over surging Covid cases in India

Natural Gas Prices in Europe Spike to January Levels Amid Fall in Stockpiles

At the same time, EU countries are struggling to agree on their policy towards Nord Stream 2 – a joint project between Russia’s Gazprom and European energy giants, designed to deliver 55 billion cubic metres of natural gas from Russia per year. The pipeline has been facing sanctions pressure from the US, who wants the project to be shut down. … Read More >Natural Gas Prices in Europe Spike to January Levels Amid Fall in Stockpiles