Oil prices edged up on Friday as supply concerns and a stronger dollar outweighed the worsening global economic outlook. Thus, Brent crude rose by 1.3% to settle at $84.48 a barrel, while WTI crude gained about 1% at $79.83 a barrel.
read more... 28/08/2023
Oil prices fell slightly on Tuesday due to the worsening economic outlook in China and uncertainties surrounding the possible impact of the economic slowdown in the US. Thus, Brent crude edged 0.5% down at $84.03 a barrel, while WTI crude traded 1.3% lower at $79.64 a barrel.
read more... 23/08/2023
Oil prices saw a decline on Monday due to economic concerns surrounding China, the biggest consumer of crude oil. The focus shifted to China's struggles in achieving post-pandemic economic recovery, outweighing the impact of the tightening global oil supply. As a result, Brent crude fell by 0.7% to $86.21 a barrel, while WTI crude dropped by 0.8% to settle at $82.51 a barrel.
read more... 15/08/2023
On Monday, crude oil prices gained ground, supported by signs of tightening supply. Hence, Brent crude edged 0.7% higher at $85.56 a barrel, while WTI crude increased by about 1.5% to settle at $81.80 a barrel.
read more... 01/08/2023
Eni, Enel and other state-controlled Italian energy groups are due to benefit from a partial transfer of European Union funds to the REPowerEU scheme, credit rating agency DBRS said on Monday (24 July).
read more... 25/07/2023