Friday, January 31, 2025
Oil prices rise on optimism around OPEC+ output pact-oil and gas 360

Oil prices rise on optimism around OPEC+ output pact

Reuters NEW YORK  – Oil prices rose on Monday as signs fuel demand was recovering while OPEC+ members were complying with a production cut deal outweighed fears that new coronavirus infections could further slow the global economy. U.S. West Texas Intermediate crude rose 44 cents, or 1.2%, to $36.70 a barrel by 1:22 p.m. EDT (1722 GMT). Brent crude rose

Spain’s Repsol plans to invest millions in fuel production using green hydrogen-oil and gas 360

Spain’s Repsol plans to invest millions in fuel production using green hydrogen

CNBC Repsol has announced plans to develop a facility that will use carbon dioxide and green hydrogen to generate net-zero emission fuels for use in the transportation sector. The Spanish oil and gas firm also announced Monday that it would be involved in a project to produce gas from “urban waste.” Both projects will be located in the north of