Global Energy/Automotive News to June 06, 2024
London, 06 June 2024, (Oilandgaspress): – The world is off track to meet the goal of tripling renewable electricity generation by 2030, a target viewed as vital to enable a swift global transition away from fossil fuels, but there are promising signs that the pace of progress may be picking up.
Countries agreed last December on a tripling of renewable power by the end of this decade. But few have yet taken concrete steps to meet this requirement and on current policies and trends global renewable generation capacity would only roughly double in developed countries, and slightly more than double globally by 2030, according to an analysis by the International Energy Agency. Read More
Capital increase reserved for employees of TotalEnergies in 2024
In accordance with its policy in favour of employee shareholding, the Board of Directors of TotalEnergies SE decided, on September 21, 2023, to carry out a capital increase reserved for eligible employees and former employees of TotalEnergies SE and its French and foreign subsidiaries in which the Company holds directly or indirectly more than 50% (in terms of capital or voting rights), that are members of the PEG-A Group savings plan, in France and abroad, under the conditions set by the sixteenth resolution at the Shareholders’ Meeting of May 26, 2023.
On April 25, 2024, the Chairman and CEO set (i) the subscription period from April 29 to May 14, 2024 (included) and (ii) the subscription price at 46.90 euros per share, corresponding to the average of the closing prices of the TotalEnergies share on Euronext over the twenty trading sessions preceding the date of this decision, reduced by a 30% discount and rounded off to the highest tenth of a euro. At the end of this period, 63,662 employees in 96 countries, representing 55.3% of the eligible employees and former employees, subscribed to this capital increase for an amount of 480.8 million euros. These results are significantly on the rise compared to the last years in terms of participation and amount subscribed. Read More
The Dacia Sandriders team has completed its initial testing phase as part of its ongoing preparations for next January’s Dakar, the ultimate motorsport challenge it will take on for the first time.Following a systems’ check at the Millbrook Proving Ground in the UK, The Dacia Sandriders spent four days at the Sweet Lamb testing complex in Wales, UK, from May 6-9. The team then headed to Château de Lastours, France, for another four days of intense testing (May 27-31), where the three crews had the opportunity to test the Sandrider, fitted with BF Goodrich tyres, on a rocky and demanding terrain.
Cristina Gutiérrez was behind the wheel of the Sandrider for two days in Wales before Sébastien Loeb, the nine-time world rally champion, took over test and development duties.
Multiple Dakar winner Nasser Al-Attiyah got his first taste of the Sandrider power at Château de Lastours over two days. Sébastien returned to the cockpit for the one and a half days with Cristina called on for the final afternoon of running.
The Dacia Sandriders’ team principal Tiphanie Isnard confirmed that the initial testing phase had exceeded expectations with very few issues experienced by Al-Attiyah, Gutiérrez and Loeb and the organisation’s expert engineers and technicians. Read More
TOYOTA GAZOO Racing takes on the immense challenge of the Le Mans 24 Hours on 15-16 June targeting its sixth victory in the legendary French race, round four of the 2024 FIA World Endurance Championship (WEC) season. As reigning World Champions, with five victories in the past six editions, the team has prepared exhaustively for the 92nd running of the Le Mans 24 Hours. Drivers, engineers and mechanics are ready to harness their strong team spirit and join an epic battle for honours at La Sarthe.
TOYOTA GAZOO Racing will compete with two cars, joining a 23-strong Hypercar grid alongside Alpine, BMW, Cadillac, Ferrari, Isotta Fraschini, Lamborghini, Peugeot and Porsche in the largest top-class field at Le Mans of the 21st century. Mike Conway, Kamui Kobayashi and Nyck de Vries, winners already this season at Imola, will drive the #7 GR010 HYBRID while Sébastien Buemi, Brendon Hartley and Ryo Hirakawa, the reigning World Champions, compete with the #8 GR010 HYBRID.
Five of the team’s six drivers have already stood on top of the Le Mans podium. Sébastien has four victories while Brendon has three. Mike, Kamui and Ryo are one-time winners, while Nyck makes his top-class debut, having competed four times in LMP2. Kamui holds the fastest-ever lap of the 13.626km Circuit de la Sarthe, while Mike is the race lap record holder.
Toyota made its Le Mans debut almost 40 years ago, in 1985, and it has since achieved five victories, 17 podiums and eight pole positions, completing more than 16,000 racing laps, equivalent to more than five times around the circumference of the earth. Read More
Reference is made to the stock exchange announcement by Nel ASA on May 15, 2024 regarding the potential spin-off of Nel’s Fueling division into Cavendish Hydrogen ASA (“Cavendish”, OSE: CAVEN) and listing of Cavendish on the Oslo Stock Exchange, and completion of the internal reorganisation whereby inter alia the relevant Fueling subsidiaries of Nel became subsidiaries of Cavendish. Further reference is made to the stock exchange announcement by Nel and Cavendish on May 31, 2024 regarding Cavendish’ application for admission to trading on the Oslo Stock Exchange (the “Listing”).
The Oslo Stock Exchange has today approved Cavendish’s application for Listing, conditional on, inter alia, Cavendish obtaining a minimum of 500 shareholders, each holding shares with a value of at least NOK 10,000, and having a free float of the shares of at least 25%. Nel and Cavendish expect that these conditions will be fulfilled through the distribution of the shares in Cavendish to the shareholders in Nel as further described below.
The Listing is expected to occur on or about June 12, 2024, subject to timely publication of a listing prospectus to be approved by the Financial Supervisory Authority of Norway, and satisfaction of the conditions for the Listing set by the Oslo Stock Exchange. No assurance can be given that the conditions for Listing will be satisfied in time or at all. Read More
Nel Hydrogen Electrolyser AS, a fully owned subsidiary of Nel ASA has entered into a technology licensing agreement with Reliance Industries Limited (RIL). The agreement provides RIL with an exclusive license for Nel’s alkaline electrolysers in India and also allows RIL to manufacture Nel’s alkaline electrolysers for captive purposes globally.
“The signing of this agreement is a great milestone in Nel’s history. Reliance is an impressive company with enormous ambitions as a global producer of renewable hydrogen, and I am proud that they have selected Nel as their technology partner. In addition to supporting Reliance in achieving their global aspirations, Nel will through this agreement get a revenue stream from a rapidly growing market Nel could not have accessed on its own,” says Nel’s President and CEO, Håkon Volldal.
RIL is a Fortune 500 company and India’s largest private sector corporation. The company is renowned for its capacity to execute large-scale projects and robust investments in technology and innovation. RIL is building a multi-GW fully integrated end-to-end new energy value chain, from photon to green molecules, paving the way for abundant and affordable access to sustainable energy for everyone, as per the vision set by RIL’s Chairman and Managing Director, Mr. Mukesh Ambani. Green hydrogen is a critical element of the new energy value chain – and the partnership between RIL and Nel in relation to alkaline electrolysers is an important milestone towards the sustainable energy future. Read More
Reference is made to the stock exchange announcement by Nel ASA earlier today regarding the distribution of up to 33,618,145 shares in Cavendish Hydrogen ASA (“Cavendish”, OSE: CAVEN) to the shareholders of Nel, and the contemplated listing of the shares in Cavendish (“Cavendish Shares”) on the Oslo Stock Exchange (the “Listing”).
– Date of approval of the distribution: June 6, 2024
– Last day including right: June 7, 2024
– Ex-date: June 10, 2024
– Record date: June 11, 2024
– Distribution date: On or about June 12, 2024*
– Listing date: On or about June 12, 2024**
– ISIN for the Cavendish share: NO 001 3219535
– Exchange ratio: 50 shares in Nel give the right to receive one Cavendish Share (rounded to the nearest whole share)***
Completion of the distribution is subject to satisfaction of the conditions for the Listing set by the Oslo Stock Exchange. Read More
Energy Perspectives 2024, an independent energy scenario analysis prepared by Equinor analysts, contains two scenarios for the future of global energy markets: Walls and Bridges.
Their difference highlights the contrast between the current pace of the energy transition (Walls) and the swift, radical changes needed to meet the 1.5°C ambition in the Paris Agreement (Bridges).
“Despite some region’s adamant push on energy transition efforts, both through stimulus and regulation, the global development over the past few years has made the challenges of delivering on the 1.5°C ambition larger,” says Eirik Wærness, Chief economist in Equinor.
Increased levels of geopolitical conflict and outright wars have made the energy transition more fragmented, and positive developments are in many cases offset by negative ones. “Despite short-term setbacks, the longer-term signals clearly point in the direction of significant energy transition and decarbonisation, but the walls have become thicker and the bridges narrower, and that adds to the uncertainty of the speed and scale of decarbonisation towards 2050 and beyond,” continues Wærness.
After a few years of a tight energy supply situation, in Europe in particular, things are looking better. Energy supply security and affordability have taken the front seat, and even contributed to acceleration of transition in some sectors.. Read More
The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd), has announced a 137 per cent increase in operating profits for the year 2023. This was disclosed by the Chairman of the company’s Board of Directors and Executive Vice President, Downstream, NNPC Limited, Mr. Adedapo Segun, at the Company’s 34th Annual General Meeting held in Lagos, on Friday.
The Board Chairman explained that NETCO recorded a 101 per cent revenue increase in the year 2023, reflecting a turnaround in operating results, which rose by 137 per cent reversing the previous year’s deficit.
He also noted that there was a 145 per cent surge in the company’s gross profit compared to the previous year. Also speaking at the AGM, the Managing Director of NETCO, Dr. Tonye Alagba, said the company is focused on growing its business portfolio in 2024 and beyond.
“To achieve this, the company is working strategically to expand its service offerings within the oil and gas industry in 2024, invest in the development of human and other resources, reduce direct and overhead resources and minimise risks”, Alagba stated.
The NETCO helmsman further stated that the company aims to increase its market share by at least five per cent through participation in mainstream EPC projects, stressing that the company will bid for a minimum of 32 Tenders with a target of securing at least 15 contracts.
He listed other targets to include: a 21-day invoicing cycle; a minimum of 85 per cent debt collection efficiency; a minimum customer satisfaction rate of 71 per cent; acquisition of critical assets such as fabrication yards and offshore logistics support base; and development of exclusive collaborations with key technical partners like KBR and Petrofac, amongst others. Read full article
Countries’ overall ambitions on renewable power capacity correspond to reaching almost 8 000 GW globally in 2030, based on analysis of all existing policies, plans and estimates for almost 150 countries. These countries
represent almost all global emissions from power generation and the production of heat. According to our detailed policy stocktake, half of global ambition can be explicitly tracked in national policy documents, plans and multilateral commitments for more than 90 countries. We also estimated values for another 48 countries with
other renewable energy ambitions from which total capacity could be easily derived. China accounts for almost half of this estimated total.
Solar PV and wind energy dominate countries’ ambitions, while hydropower,bioenergy and other renewables tend to be overlooked. If countries meet their ambitions for 2030, the installed capacity of solar PV would surpass hydropower,which was the world’s largest source of installed renewable capacity in 2022. Variable renewables make up most of the capacity explicitly identified by governments, with solar PV representing 50%, followed by wind at 26%. While more than 60 countries have announced intentions to install variable renewables,
only 47 have identified goals for hydropower. For other renewables, such as bioenergy, geothermal, concentrating solar power (CSP) and ocean technologies, the number is far lower. Read full article
ADNOC announced it has signed an agreement to award a 3% participating interest in the SARB and Umm Lulu offshore concession to SOCAR. This award builds on the strategic energy partnership between the United Arab Emirates (UAE) and Azerbaijan and deepens ADNOC’s growing partnership with SOCAR across the energy value chain. The SARB and Umm Lulu concession deploys cutting-edge digitalization and AI technologies for remote monitoring, smart well operations and production management to optimize production efficiency, reduce emissions, enhance safety and increase production capacity.
Abdulmunim Saif Al Kindy, ADNOC Upstream Executive Director, said: “We are very pleased to welcome SOCAR to the SARB and Umm Lulu concession. This award supports ADNOC’s strategy to leverage strategic partnerships and advanced technologies to maximize value from Abu Dhabi’s energy resources to ensure a secure, reliable and responsible supply of energy.” This agreement builds upon previous collaborations between the two companies, including ADNOC’s acquisition of a 30% equity stake in Absheron gas and condensate field in the Caspian Sea and a Strategic Collaboration Agreement on the potential development of low carbon energy technologies, including hydrogen and geothermal. Read full article
TraditionData Launches New Gasoline End of Day Report
The new report complements our current oil market offering, which include six similar End of Day reports from six different desks. This expansion ensures that our clients have access to comprehensive, accurate, and up-to-date data.
The report will be published twice daily, at 4:30 PM and 7:30 PM London time, and will include indicative forward prices. The data will be available to customers shortly after each desk mark, at 5:00 PM and 8:00 PM London time, direct from TraditionData. The New Gasoline End of Day Report provides:
End of Day broker price assessments: Expertly assessed based on daily market activity.
Comprehensive global gasoline product coverage: European Gasoline benchmarks (E10,E5,Med), Asian (92 Singapore) and main US benchmark (RBOB) and significant products differentials
Extensive data: Featuring 20 curves and 600 instruments, including a full forward curve covering monthly, quarterly, and calendar periods.
Timely updates: Desk marks at 4:30 PM and 7:30 PM London Time, with files available to customers at 5 PM and 8 PM respectively.
Transparent pricing: Quoted in mid format and expressed in USD per BBL or USD per MT significant Spreads, product differentials and cracks. Read More
TraditionData and General Index Announce Energy & Commodities Data Partnership
This collaboration will see General Index integrating our comprehensive Light-ends data – initially MTBE and Natural Gas Liquid (NGL) – into their daily price assessments, highlighting the reliability and accuracy of our Energy & Commodity data products.
This announcement comes on the heels of Tradition’s remarkable performance in the 2024 Risk.net Annual Energy Commodity Rankings. Tradition, a premier interdealer broker and data provider, secured top positions across multiple categories, including Best Overall Commodities Broker. This recognition underscores TraditionData’s commitment to delivering market-leading and best-in-class data for various business functions. Read More
Renault Group reaffirms its commitment to the arts with a new endowment fund
The “new” Renault Group is setting its sights on the future, while continuing to build on its historic values and traditions. The company has always sought to build bridges between the worlds of art and industry. Staying loyal to tradition involves bringing it up to date. Reflecting this, the Group has announced the creation of an endowment fund dedicated to culture, art and heritage. The fund will secure and protect the existing collection, while also seeking to renew it with contemporary artists, thus confirming its role as a patron of the arts and a cultural player. Throughout its history, Renault has commissioned works from artists. These creators were frequently ahead of their times, with bold artistic practices that were not recognised by museums.
Initiated a century ago, Renault’s Art Collection comprises several hundred works, including many large formats and ensembles. It is particularly representative of the following trends:
Humanist photography, particularly by Robert Doisneau, a full-time employee of the company between 1934 and 1939,
New Realism, founded in 1960, a movement whose followers included sculptors Arman and Jean Tinguely, who used everyday materials in their works,
Narrative Figuration, represented mainly by Erró, whose works mix images from pop culture and the history of art,
Op Art, branch of geometric abstraction producing an illusion of vibration or movement, represented primarily by Victor Vasarely, who redesigned Renault’s logo in 1972,
Jean Dubuffet, painter, sculptor, and inventor of Art Brut: spontaneous and inventive creation by self-taught artists and outsiders.
These artists set out to make artistic creation part of everyday life. They wanted their art to reach the widest possible audience, rather than being reserved for an elite. They tended to produce works in multiple editions or on an urban scale. Read More
Vestas has received a 68 MW order from ImWind Erneuerbare Energie GmbH for a wind power project in Loidesthal, Austria. The order includes supply, delivery, and commissioning of ten V162-6.2 MW wind turbines and one V150-6.0 MW turbine.
Upon completion, Vestas will service the turbines under a 25-year Active Output Management 4000 (AOM 4000) service agreement designed to ensure optimised performance of the assets. “This project with our valued client, ImWind Erneuerbare Energie GmbH, enables a highly competitive business case.”, states Christoph Manseder, Senior Director of Sales for Austria and Switzerland at Vestas. “We are delighted to contribute to ImWind’s renewable energy goals in Austria and look forward to deepening our collaboration.”
The order is an extension of the existing Loidesthal wind project that consists of eight V126-3.45 MW turbines. Turbine delivery is expected to begin in 2025 with commissioning scheduled for completion in the first quarter of 2026. . Read More
Announcement of acreage for CO2 storage on the Norwegian Continental Shelf On 6th of June 2024, the Ministry of Energy announced three areas for CO2 storage pursuant to the CO2 Storage Regulations. These areas comprises defined blocks in the North Sea. This is the seventh time acreage is being announced for CO2 storage on the Norwegian Continental Shelf.
The Ministry of Energy’s press release
The invitation provides a more detailed description of the authorities’ process for licensing acreage for CO2 storage on the Norwegian shelf.
The application deadline is 29 August 2024 at 12:00. Applicants are encouraged to submit their applications well before the deadline. Read More
KBR announced it has been awarded an estimated $82 million cost-plus-fixed-fee task order under an IAC MAC contract by the United States Air Force (USAF) for the Air Force Life Cycle Management Center. The center supports the B-52 System Program Office (AFLCMC/WBD) P1-22-2367 at Tinker AFB, Oklahoma.
Under the terms of the contract, KBR will continue to address areas such as reliability, maintainability, quality, supportability and interoperability (RMQSI) issues and impact, system sustainability, structural sustainability, component and subsystem testing, obsolescence and diminishing sources, and cybersecurity. Tasks include reliability analysis, development of non-destructive inspection (NDI) and test techniques, and development of maintenance procedures and techniques, and analysis tools for reliability data. KBR will address Department of Defense critical technologies areas. This work will be performed over a period of five years.
“KBR is proud to support the USAF to extend the life of the B-52 and similar legacy defense systems,” said Byron Bright, President of Government Solutions U.S. “We understand the importance of these critical assets and this work directly reflects our strategic commitment to remaining a key partner to the Department of Defense.”
KBR maintains its solid eight-year presence in the B-52 program office with the win of this recompete. This task order epitomizes KBR’s ability to grow with current customers, not only with significantly increased value, but also with the addition of cybersecurity support to the scope. Read More
Jumbo Offshore wraps up monopile removal works in Taiwan
Jumbo Offshore has completed the removal of two monopiles on the Offshore Wind Farm (OWF) Yunlin in Taiwan. The Jumbo Offshore crew reliably carried out the work, whilst deploying its DP2 Heavy Lift Crane Vessel Fairplayer from Europe to support the onsite operations.
Jumbo Offshore was awarded the contract by Yunneng Wind Power Co., Ltd. (YWPC) earlier this year for the removal of monopiles at the Yunlin OWF. The contract award represented an expansion of Jumbo Offshore’s existing scope, involving the transportation and installation (T&I) of the transition pieces.
Under the additional project scope, two monopiles, which previously suffered from a pile run during an earlier project phase, were to be removed. This involved underwater cutting of the monopiles into sections as well as recovery, transport and offloading of the sections.
The all-encompassing nature of the scope meant working with Jumbo’s dependable subcontractors. The Fairplayer was outfitted with an underwater abrasive cutting and lifting tool supplied by Claxton Engineering Services, as well as an ROV supplied by IKM subsea and survey equipment by Reach subsea. With these, the Fairplayer could remove the monopiles successfully. The individual sections were lifted into the vessel’s cargo hold for transportation to a local Taiwanese port and offloading to the quayside. For the execution of the works, Jumbo Offshore provided a project management team and the engineering construction crew. From contract signature to successful completion of the works, it took just five months including sailing of the vessel from Europe to Taiwan. Read More
Resource-saving vehicles and mobility concepts – and sustainable, stylish brand accessories: Opel can do both. That’s why the German automotive brand with the iconic Blitz and German high-quality accessory brand Bandwerk have announced that they will be cooperating on a series of limited-edition watch straps for Apple watches. Inspired by the forward-looking, iconic Manta GSe, the two German brands will initially introduce the “TIMELESS ENERGY collection”. Like the Manta GSe has built a bridge from Opel’s exciting heritage to a very desirable sustainable future, the exclusive straps for Apple watches follow the same path. The “TIMELESS ENERGY collection” will appeal to trendsetters and traditionalists alike as they are based on the idea to upcycling two 1970 original black front seats of the legendary Manta A. The new collection will celebrate its debut as part of the open door day to mark the 125th anniversary of automotive production at Opel on June 8. The result of the collaboration is a unique watch strap that mixes up-to-date technology techniques to compose and assemble material into a modern and bold design. The yellow frame follows the same “detoxed design language” as the Manta GSe with a functional Blitz-texturing inside the anti-transpiration bracelet. The design is completed by a beautifully sculpted Manta detail in metal to fasten the strap in place. Read more
Lamborghini Chairman and CEO Stephan Winkelmann, and Federico Foschini, Chief Marketing and Sales Officer, presented the Urus SE[1], the brand’s first plug-in hybrid SUV, to French customers. The venue, a luxury villa in the heights of Cannes, south of France, hosted more than 400 European guests to meet the revolutionary SUV that embodies Lamborghini’s commitment to innovation and sustainability, while retaining its iconic DNA of performance and luxury.
With the Urus SE, Lamborghini has taken a major step forward in its evolution by integrating cutting-edge hybrid technologies into its vehicles. The new model combines a twin-turbocharged 4.0-litre V8 engine producing 620 bhp with an electric motor delivering 192 bhp, giving a total output of 800 CV. This hybrid configuration not only delivers exceptional performance but also an 80% reduction in CO2 emissions, underlining the brand’s commitment to its environmental targets. The silhouette of the Urus SE, with aerodynamics optimised by revised air ducts, remains true to Lamborghini’s bold and aggressive aesthetic, with dynamic lines and meticulous details that underline its sporty character. Other new features include headlamps with LED matrix technology, which introduce an all-new light signature inspired by the bull’s tail in the Lamborghini logo, and a redesigned bumper and grille. The new rear diffuser and Y-shaped tail lights give the Urus SE even sportier proportions. Combined with the new spoiler, the diffuser increases rear downforce by 35% at high speeds, further enhancing the vehicle’s stability. Read More
The iconic 24 Hours of Le Mans, which will take place next week over the weekend of 15-16 June, will mark the halfway point of the Lamborghini SC63’s maiden season of racing in the topflight of both the FIA World Endurance Championship (Hypercar class) and IMSA WeatherTech Sports Car Championship (GTP class).
Competing against a swathe of established brands at the highest level, Lamborghini and its partner team Iron Lynx have made substantial progress with the first dedicated prototype racing car developed by the racing division of the Sant’Agata Bolognese firm, Squadra Corse.
Underpinning the improving results on-track and the encouraging reliability of the SC63, is the incredible work ethic and effort from the mechanics, engineers, technicians and drivers within the Lamborghini Squadra Corse and Iron Lynx teams, the bulk of which work on both WEC and IMSA projects. In what has been a relatively short lead-time since the official launch of the car last summer, the SC63 has achieved positive results and scored points in both championships.
Although limited to one car each in FIA WEC and IMSA in its maiden season, Lamborghini Squadra Corse will attack the 24 Hours of Le Mans as a two-car entry as it enters the most significant race in the history of Automobili Lamborghini in France. Read More
On the 20th June, a new era in the 115-year history of Bugatti begins. Guided by the vision of Ettore Bugatti, it will be an icon not just for the present, or even for the future, but ‘Pour l’éternité’ (for eternity). The new Bugatti hyper sports car is a completely bespoke design, engineered from the ground-up on the three pillars of beauty, luxury and performance, inspired by Bugatti models of the past. The Type 57 SC Atlantic, the Type 41 Royale and the Type 35, respectively known as the most beautiful, the most luxurious and the most successful Grand Prix race car ever, each lend their DNA to create a pure and authentic reinterpretation of the Bugatti brand.
An all-new chassis and performance-honed body encompass an all-new V16 engine and electrified powertrain, representing a coming together of timeless mechanical craftsmanship and cutting-edge technology. Read More
Three in four motorists are wary about buying a used electric vehicle, with the biggest issue being the remaining life in the battery, according to a new poll.
Some 75 per cent of UK drivers say they have ‘serious concerns’ about purchasing a second-hand EV, further highlighting the massive uphill battle facing industry and manufacturers to convince people to choose battery-powered cars.
This hesitancy to own a used EVs could already be hitting second-hand motor retailers who are taking on increased stock of battery cars that a limited number of customers want to buy. The findings, from an Autocar poll of 1,462 motorists, revealed the leading concern when considering a used EV is wear on the battery from the previous owner(s) recharging. Read More
| Oil and Gas Blends | Units | Oil Price US$/bbl | Change |
| Crude Oil (WTI) | USD/bbl | $74.69 | Up |
| Crude Oil (Brent) | USD/bbl | $78.99 | Up |
| Bonny Light | USD/bbl | $76.43 | Down |
| Saharan Blend | USD/bbl | $76.03 | Down |
| Natural Gas | USD/MMBtu | $2.77 | Up |
| Murban Crude | USD/bbl | $78.96 | Up |
| OPEC basket 05/06/24 | USD/bbl | $78.39 | Up |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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