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Daily (26.10.2022): British gas prices declined on Tuesday due to full storage rate, robust supply and low demand
On Tuesday, oil prices increased slightly due to a weaker dollar and supply issues raised by Saudi Arabia's energy minister. Thus, Brent crude settled 0.3% higher at $93.52 a barrel. At the same time, WTI crude ended 0.9% higher at $85.32.
read more... 26/10/2022
Daily (25.10.2022): British near-term gas prices plummeted on Monday due to milder weather and oversupply
Oil prices fell slightly in a choppy trade on Monday as data revealed China's demand remained sluggish in September and the US currency strengthened. However, poor US business activity data reduced expectations for more aggressive interest rate hikes, limiting losses. As a result, Brent crude decreased by merely 0.3% to end at $93.26 per barrel. At the same time, WTI crude edged 0.6% lower at $84.58 per barrel.
read more... 25/10/2022
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Gas supply for 2023 remains at risk
Europe has successfully refilled its gas storage facilities to almost full capacity ahead of winter but the outlook for next year remained precarious, the head of European gas at Energy Aspects said on Monday.
read more... 25/10/2022
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Mercedes-Benz in preliminary offshore wind deal for electricity from 2027
Mercedes-Benz has struck a preliminary agreement with an offshore wind provider to supply electricity equivalent to 25% of its demand in Germany from 2027 onwards, a spokesperson for the carmaker said on Monday.
read more... 19/10/2022
Germany girds for gas supply pain, targets $93 billion price relief plan
Germany on Monday said it plans to urgently implement a 96 billion euro ($93 billion) plan to ease pressure on consumers from surging gas prices as it was warned that the supply situation heading into winter remained tense even with full reserves.
read more... 12/10/2022