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Daily (07.03.2024): Oil prices rallied on Wednesday amid US demand recovery and Fed rate cut speculations

On Wednesday, oil prices rebounded, driven by increased demand in the United States and statements from the President of the Federal Reserve (Fed) indicating potential interest rate cuts later this year. As a result, the Brent crude oil stood at $82.96 a barrel, while WTI crude settled at $79.13 a barrel.

read more... 07/03/2024

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Czech concerns over costs and delays cast shadow on French EDF nuclear bid

In the race to secure a nuclear unit tender for the Dukovany power plant, Czechia express concerns over cost overruns and delays, casting a shadow on French company EDF’s bid.

read more... 07/03/2024

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EU to finally exit ‘climate-wrecking’ energy treaty

The European Union is poised to agree on a joint exit from a controversial energy investment protection agreement that activists say is a roadblock to the bloc’s path toward climate neutrality.

read more... 07/03/2024

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UK extends windfall tax on oil, gas to 2029

The UK has extended a windfall tax on oil and gas companies operating in the country by a year to 2029, it said on Wednesday.

read more... 07/03/2024

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Daily (06.03.2024): Carbon prices rose by 6% on Tuesday, reaching the biggest daily gain in 15 months

Oil prices saw a minor decrease due to low demand on Tuesday, despite potential supply interruptions stemming from the current political unrest in the Middle East. Brent crude fell by 1% to $82.04, and WTI Crude also dipped by around 1% to $78.15.

read more... 06/03/2024

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