The world's largest sovereign-wealth fund is buying a stake in the Nordseecluster and Thor offshore wind projects, RWE said.
OPEC output rose +320k bpd in February, pressuring oil prices as demand weakens and geopolitical risks keep market sentiment mixed.
Oil markets on Monday shrugged off U.S. President Donald Trump's threat to hit buyers of Russian oil with tariffs as the shock value of the barrage of threats from the White House begins to wear thin with jaded traders.
President Donald Trump warned that buyers of Russian oil could face "secondary tariffs" if Vladimir Putin does not agree to a ceasefire with Ukraine. He later expressed doubt that the Russian president would "go back on his word.
Oil prices eased on Monday, heading for a slight quarterly loss despite a warning by U.S. President Donald Trump that he may impose secondary tariffs on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine.
Oil prices were mixed in the early Asian session, but may be weighed by looming OPEC+ production increase.
It's been a month since OPEC+ said it would go ahead and gradually unwind its voluntary production cuts starting on April 1, but threats to global supplies have helped prices recover their losses in March.
U.S. sanctions on Venezuela and Iran tighten crude oil supply, while strong U.S. demand and falling inventories support a cautiously bullish oil outlook.
Global Oil Terminals, owned by billionaire Trump ally Harry Sargeant, is the second U.S. oil company targeted by the administration's campaign to isolate Caracas.
Crude oil and refined product contracts were lower at midday Friday, but remained on track to end the week with solid gains.
The crude oil market initially pulled back a bit on Friday, only to turn back around and shows signs of positive. At this point in time, the market continues to see noise, but with the bullish cycle playing out at this time of year, I remain a bit positive.
Oil prices steady near $70.11 – $70.39 resistance with supply disruptions from sanctions clashing with weak demand. U.S. inventory draw fuels a mildly bullish crude oil outlook.