France will reform its power market to protect domestic companies from price volatility on a national level if it cannot achieve its aims in the EU discussions, the country’s energy minister said on Tuesday.
read more... 31/08/2023
Crude oil prices ended rather stable on Monday as markets faced another day of uncertainty over price direction. Despite China's economic stimulus measures, worries about possible additional U.S. interest rate hikes overshadowed the positive impact. Thus, Brent crude ended rather flat at $84.42 a barrel. Meanwhile, U.S. WTI crude edged 0.3% higher at $80.10 a barrel.
read more... 29/08/2023
Millions of British households will have cheaper energy bills from October after British energy markets regulator Ofgem cut its price cap again to reflect a further fall in wholesale power and gas prices.
read more... 28/08/2023
Oil prices closed slightly higher on Friday but ended the week lower, with the market concerned about demand from China. The rise was mainly attributed to an expected drop in US crude oil inventories. Consequently, Brent crude increased by 0.8% to close at $84.80 a barrel, while WTI crude rose by over 1% to settle at $81.25 a barrel.
read more... 21/08/2023
On Thursday, oil prices experienced a recovery following three consecutive days of losses. The strength of the US economy and demand, along with tensions in the market, counteracted worries about the economic well-being of China. Thus, Brent crude increased by 0.8% to close at $84.12 a barrel, while WTI crude rose by 1.3% to settle at $80.39 a barrel.
read more... 18/08/2023