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Spain's Iberdrola to invest $47 bln in energy transition in 2023-25
Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two years, its chairman said in a strategy update on Wednesday.
read more... 10/11/2022
Daily (03.11.2022): The NBP spot price soared amid cooler weather
The Federal Reserve raised interest rates for the fourth time this year on Wednesday, which led to a gain in oil prices despite decreases in other risky assets. Furthermore, U.S. oil stocks dropped as refineries raised production in anticipation of the winter heating season, lending more support to the market. As a result, WTI crude ended 1.8% higher at $90 per barrel, while Brent crude settled at $96.16 per barrel, up 1.6%.
read more... 03/11/2022
Daily (01.11.2022): Energy prices lost ground on Monday due to recession worries, mild weather, high gas storage levels, low demand
Oil prices extended losses on Monday amid weak economic data from China due to widening COVID-19 curbs. Furthermore, a potential rise in US production also put pressure on prices. Thus, Brent crude decreased by 1% to close at $94.83 a barrel. At the same time, WTI crude fell by 1.6% to $86.53 a barrel.
read more... 01/11/2022
Aker BP sees Sverdrup oilfield's second phase starting early December
Norway's giant Johan Sverdrup oilfield is expected to start Phase 2 production in early December, Aker BP, a partner in the Equinor-operated field, said on Wednesday, later than its previous forecast of October.
read more... 27/10/2022
Green power avoided 70bcm of gas for EU since war
Renewable energy production avoided the need for 70bcm of natural gas imports to the EU – or around EUR 99bn in costs – following Russia’s full-scale invasion of Ukraine, a study showed on Tuesday.
read more... 19/10/2022