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Daily (29.12.2023): Oil prices continued their losses on Thursday as shipping companies indicated readiness to navigate Red Sea
Crude oil futures retreated on Thursday following announcements from additional shipping firms indicating their readiness to navigate the Red Sea route. This development has helped to alleviate worries about potential supply interruptions, even as tensions continue to remain high in the Middle East. Hence, Brent crude declined by 1.5% to settle at $78.39 a barrel. U.S. WTI crude dipped by about 3% to $71.77 a barrel.
read more... 29/12/2023
Daily (28.12.2023): Oil prices dropped by about 2% on Wednesday, with investors digesting Red Sea developments
Crude oil futures retreated on Wednesday, erasing approximately half of the gains from the previous session. Nevertheless, the persistently deteriorating security situation in the Middle East kept prices near one-month highs due to potential threats to energy shipments. Hence, Brent crude declined by 1.8% to settle at $79.65 a barrel. U.S. WTI crude decreased by about $2% to 74.11 a barrel.
read more... 28/12/2023
EU, UK extend trade rules to avoid tariffs on electric vehicles
The European Union and Britain on Thursday agreed to give electric vehicle (EV) makers until the end of 2026 to comply with local content rules, delaying the imposition of tariffs on EVs traded with the UK.
read more... 22/12/2023
Daily (21.12.2023): European carbon prices marked their largest daily gain in 11 months on Wednesday, driven by fund position adjustments and bullish gas prices
On Wednesday, oil prices sustained their upward trend, partially influenced by tensions in the Red Sea. However, the increase in US crude and gasoline inventories limited the gains. Consequently, Brent crude rose by around 0.6% to close at $79.70, and WTI crude ended at $74.22 per barrel, 0.4% higher day-on-day.
read more... 21/12/2023
Portugal, Spain and France agree to boost energy links
Portugal, Spain and France will strengthen energy links, according to a memorandum of understanding that sets new priorities for the High-Level Group, signed with the EU Commission in Brussels Tuesday.
read more... 21/12/2023