Latest news
Daily (02.12.2022): Oil prices gain ground on Thursday due to uncertainty on a price cap level
Oil prices were bullish on Thursday, as EU members failed to agree on a price cap level over the past few weeks, but the limit is scheduled to take effect from 5 December. Stronger demand from China following the ease of restrictions in two major Chinese cities also contributed to the rise. Consequently, Brent crude increased by 1.7% to $86.88 a barrel and WTI oil edged 0.8% higher at $81.22 a barrel.
read more... 02/12/2022
Oil prices could fall without further OPEC cut
LONDON, Dec 1 - OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunday, but some analysts believe that crude prices could fall if the group does not make further cuts.
read more... 02/12/2022
.jpg){kind=spacer}
France s EDF in the running to build new Czech nuclear plant
France’s EDF, South Korea’s KHNP, and US-Canadian group Westinghouse Electric have made initial bids to build a new unit at the Czech Republic’s Dukovany nuclear power plant, Czech utility ČEZ said on Wednesday (30 November).
read more... 02/12/2022
Energy efficiency rate accelerates amid high prices
COPENHAGEN, Dec 2 - Global progress toward energy efficiency has accelerated this year as a result of high energy prices and disruptions to fuel supply but still not enough to meet climate change targets, the International Energy Agency (IEA) said on Friday.
read more... 02/12/2022
Daily (01.12.2022): Crude oil prices rose on Wednesday following the largest decline in US crude inventories in three years.
Crude oil prices increased on Wednesday amid expectations of rising demand and falling crude oil inventories in key consuming nations. Brent crude rose by 2.8% to settle at $85.43 a barrel. U.S. WTI crude traded 3% higher at $80.55 a barrel, following the largest decline in US crude inventories in three years.
read more... 01/12/2022