SHARJAH/WAM As part of its commitment to enhancing electricity networks and providing the best services …
Read More »Oil trading profits soar for energy majors who made storage bets
Bloomberg In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast. Equinor also filled oil tankers with crude, turning them into floating storage facilities, …
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