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Daily (12.06.2024): Gas prices fell on Tuesday as bearish fundamentals outweighed unplanned outages
Oil prices rose for the fourth time in five trading days as investors anticipated that last week’s decline was overdone and expected a surge in demand during the summer. Hence, Brent crude edged about 0.4% higher at $81.92 per barrel, while WTI crude closed 0.2% up at 77.90 per barrel.
read more... 12/06/2024
Italy's De Nora says orders already equal new electrolyser gigafactory output
Industrie De Nora began construction of Italy's largest electrolyser manufacturing plant on Tuesday to meet expected demand growth for green hydrogen, which forms part of the EU's plans to replace fossil fuels in energy intensive industries.
read more... 12/06/2024
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Britain eyes expanding scheme to pay homes to use less power
Britain's electricity system operator wants to expand a scheme under which homes are paid to cut power usage so that it becomes a regular feature of the market, rather than just a tool to help prevent electricity shortages in winter.
read more... 12/06/2024
Chinese automakers committed to Europe despite EV tariff probe
Chinese automakers' plans to invest in Europe will not be deflected by the EU's anti-subsidy probe into Chinese-made electric vehicles, a leading Chinese auto industry association said.
read more... 12/06/2024
Daily (11.06.2024): Oil prices surged by 3% on Monday, boosted by growing buying interest
Oil prices surged significantly on Monday, propelled by speculative purchasing by investors adjusting their positions in response to OPEC+ communication, which has left the market in an unstable state. As a result, Brent crude closed at $81.63 per barrel, while WTI crude stood at 77.74 per barrel, with both contracts soaring by about 3% day-on-day.
read more... 11/06/2024