Iraq’s oil minister says there will be no further OPEC+ oil production cuts at its next meeting in June. The decisions taken at this meeting will play a crucial role in the future of the oil market.
Spanish group Enagas saw its profits fall in 2022 to 375.8 million euros, despite increased gas exports via France and the Iberian peninsula. It has suffered the impact of a new regulatory framework that has reduced its margins in the domestic market. In addition, the Group benefited from asset sales to offset losses.
Oil prices rebounded slightly, buoyed by hopes of recovery in China and uncertainties over Fed rates, despite the recent drop due to expectations of rate hikes to counter inflation, and also with the coming impact of sanctions against Russia.
The Renewable 2022 report forecasts that hydropower will dominate the global renewable energy mix until 2027.
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