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Daily (25.04.2023): Crude oil prices rose by 1% on Monday amid growing demand in China
Crude oil prices continued to rebound on Monday amid upbeat demand signals from Asia. Bookings made in China for travels overseas for the approaching May Day holiday indicate that travel to Asian nations is still recovering. Hence, Brent crude rose by $1.07, or 1.3%, to settle at $82.73 a barrel. Meanwhile, U.S. WTI crude settled up 89 cents, or 1.1%, to end at $78.76.
read more... 25/04/2023
Daily (20.04.2023): Oil prices fell by almost 2% on fears of a global recession
On Wednesday, crude oil prices experienced a decline, despite signs of improving demand from China. The market continues to fear a global recession, which has contributed to this downward trend. As a result, Brent crude lost 2% and was trading at $83.12 a barrel. WTI Crude also shed 2.1% closing at $79.16 a barrel.
read more... 20/04/2023
Daily (04.04.2023): The energy complex in a strong bullish mood on Monday
Crude oil prices increased on Monday on expectations that China would take steps to boost economic growth. At the same time, the OPEC+ group's unexpected announcement of additional production cuts lent further support. Thus, both Brent and WTI crude soared by over 6%, to settle at $84.93 and $80.42 a barrel respectively.
read more... 04/04/2023
Mercedes set to invest billions in e-vehicles plants
Mercedes will invest billions of dollars to modernise its plants in China, Germany and Hungary over the coming years, magazine Automobilwoche reported, as the carmaker prepares to switch to electric vehicles and cut emissions.
read more... 20/03/2023
EU announces plans to lead green industrial revolution
The European Commission presented the centrepieces of a strategy on Thursday to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition.
read more... 17/03/2023