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Daily (16.10.2023): Oil prices soared by around 6% on Friday, spurred by fears of extension of the Middle East conflict
Oil prices soared by around 6%on Friday, spurred by fears of an extension of the Middle East conflict. As a result, Brent crude settled at $90.89 per barrel. On the other hand, WTI crude ended at $87.69 per barrel.
read more... 16/10/2023
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France under pressure to compromise in EU electricity market talks
As France and Germany negotiate a joint agreement to resolve differences over the EU’s proposed electricity market reform, Spain, which holds the EU’s rotating presidency, presented a new compromise proposal on Wednesday (11 October), which seems to put Paris’ back against the wall.
read more... 16/10/2023
Marubeni to invest $12.2bn in UK’s clean energy projects
Japanese integrated trading and investment business Marubeni has entered a memorandum of understanding (MoU) with the UK Government to invest £10bn ($12.2bn) in the country’s renewable energy projects over the next ten years.
read more... 16/10/2023
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Denmark to treble power demand by 2035
Denmark’s annual power demand could treble to 127 TWh by 2035, fuelled by a surge of electrolysers using wind and solar power to create hydrogen and other green fuels, said the nation’s energy agency in a new study.
read more... 16/10/2023
Daily (13.10.2023): UK gas prices surged on Thursday amid heightened geopolitical risk in the Middle East, colder weather forecast
Oil prices ended mixed on Thursday, with WTI crude weighed down by a surprise and massive rise in US crude inventories, which has raised fears about global oil demand. US Commercial crude inventories surged by 10.2 million barrels last week. As a result, WTI crude ended at $82.91 per barrel, down 0.7% day-on-day. On the other hand, Brent crude moved sideways at $86.00 per barrel.
read more... 13/10/2023