The Vienna-listed integrated energy company has upped its game on moving away from oil and gas in line with stated ambitions of a phased reduction by 2030.
The recent attack resulting in the deaths of three U.S. service personnel might be a black swan event destined to elevate geopolitical risk premium and hike oil prices.
Oil prices are in the green with surging tensions and calls for more premium to be priced into the oil prices. Russia might be forced to breach its production cut promises for OPEC even further with Ukraine attacking strategic oil storage sites inside
Oil prices are remaining depressed this week and throughout this Wednesday with the monthly OPEC report unable to trigger any changes. It gets even worse when looking at the report, where OPEC speaks of recovery and a deficit in late 2025. That
Oil prices are retreating further despite several geopolitical, with traders choosing to ignore them because of no repercussions for the oil supply at the moment. The main risk event is a possible retaliation or action from China against the election