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Daily (30.12.2022): British gas prices increased on Thursday amid lower Norwegian exports
Crude oil prices continued to decline on Thursday, weighed by concerns that China’s demand will remain sluggish as the world’s biggest crude importer struggles with soaring Covid infections at a time of easing coronavirus restrictions. Hence, Brent crude fell by 1.2%, to settle at $82.26 a barrel. U.S. West Texas Intermediate crude settled at $78.40 per barrel, down by 0.7%.
read more... 30/12/2022
Daily (29.12.2022): Crude oil prices ended lower on Wednesday amid a surge of COVID cases in China
Crude oil prices softened on Wednesday, with the benchmarks reversing from their highest settlements in nearly four weeks in the previous session as traders weighed concerns about an increase in COVID-19 cases in China against the possibility that easing pandemic restrictions in the country would boost fuel demand. Hence, Brent crude fell by $1.07, or 1.3%, to settle at $83.26 a barrel, while U.S. West Texas Intermediate crude settled at $78.96 per barrel, down 57 cents, or 0.7%.
read more... 29/12/2022
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German gas storage levels rise amid mild Christmas weather
Germany’s gas storage levels increased over Christmas as mild weather dampened gas demand, storage and weather data showed on Tuesday.
read more... 28/12/2022
Daily (28.12.2022): European spot electricity prices fell sharply on Tuesday amid higher wind generation
Crude oil prices barely changed on Tuesday as restarts at some U.S. energy plants closed by winter storms offset gains from hopes of a demand recovery as China eases COVID-19 restrictions. Hence, Brent crude rose by 41 cents, or 0.5%, to settle at $84.33 a barrel, while U.S. West Texas Intermediate crude settled 3 cents lower at $79.53 per barrel.
read more... 28/12/2022
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EDF further delays the restart of several nuclear plants
French nuclear operator EDF has further delayed the restart of several of its nuclear reactors affected by stress corrosion, in some cases until as late as June, as it struggles to get enough units online to meet winter power demand.
read more... 20/12/2022