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Daily (03.11.2023): Oil prices rose by over 2.5% on Thursday following the Fed and BoE interest rate decisions
Oil prices saw an increase on Thursday as market sentiment shifted positively after both the Federal Reserve and the Bank of England chose to halt their interest rate hikes. Consequently, Brent crude climbed by 2.6% to settle at $86.85 a barrel, while WTI crude increased by 2.5% to end at $82.46 a barrel.
read more... 03/11/2023
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Severe German winter may cause record low gas storage
Germany is better prepared for winter gas supply than last but in the worst-case scenario, it could cause storage facilities to hit a record low of 2% of capacity, network regulator BNA said on Thursday.
read more... 03/11/2023
France Uncovers Massive White Hydrogen Deposit
The green hydrogen revolution has an energy problem. For years, green hydrogen – the industry term for hydrogen produced from renewable and clean energies – has been touted as a silver-bullet solution for hard-to-decarbonize industries. But producing green hydrogen is energy-intensive, making it a pricey endeavor that is often suboptimal in terms of efficient resource use. But yet another kind of hydrogen, white hydrogen, could finally provide the kind of climate panacea that green hydrogen has long promised – and failed – to deliver.
read more... 03/11/2023
Daily (02.11.2023): Oil prices retreated on Wednesday after Fed leaves rates steady
Oil prices retreated on Wednesday after the release of the weekly US inventory figures and the Fed meeting. The central bank announced an extension of its pause in interest rate hikes. As a result, Brent crude tumbled by 3.2% to settle at $84.63 per barrel, while WTI crude ended at $80.44 per barrel, down about 1% day-on-day.
read more... 02/11/2023
Portugal launches initial phase of offshore wind auction
Portugal has kicked off the preparatory process for its first auction of licences to build wind farms off the Atlantic coast by inviting companies to present non-binding declarations of interest by Nov. 14.
read more... 02/11/2023