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Daily (07.07.2023): British gas prices fell on Thursday amid continuing high stock level
Crude oil prices ended rather flat on Thursday as the combined production cuts from Saudi Arabia and Russia were offset by a possible U.S. interest rate hike. Moreover, economic data concerns from Eurozone and China weighed on price. Hence, Brent crude edged 0.2% lower at $76.52 a barrel. Meanwhile, WTI crude almost closed unchanged at $71.80 a barrel.
read more... 07/07/2023
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EU Parliament clinches political deal on electricity market reform
Political groups in the European Parliament have agreed on the broad terms of the EU’s electricity market reform on Thursday (6 July), paving the way for a swift adoption of the proposal in the EU assembly before decisive talks with EU member states to finalise the law.
read more... 07/07/2023
EU needs over $760 bln/yr to hit green transition targets
Europe will require investments of more than 700 billion euros ($762.44 billion) a year to meet its energy transition goals to combat climate change, the European Union Commission said on Thursday.
read more... 07/07/2023
UK energy prices to stay high until late 2030s
Power prices in Britain are predicted to remain high until the late 2030s.
read more... 07/07/2023
Daily (06.07.2023): Oil prices continued to rise on Wednesday as Saudi Arabia and Russia mull extending voluntary supply cuts
Crude oil prices notched a small increase on Wednesday amid the news of further cuts from Saudi Arabia and Russia. However, worries over a slowdown in the global economy and further hikes of interest rates have limited the rise. Hence, Brent crude edged 0.5% higher at $76.65 a barrel. Meanwhile, WTI crude rose by 0.7% to end at $71.79 a barrel.
read more... 06/07/2023