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Daily (29.02.2024): Forecasts of colder weather and reduced Norwegian supply drove the energy complex higher on Wednesday
Oil prices posted mixed evolution on Wednesday, driven by ongoing geopolitical tensions and a 4.2-million-barrel build in US crude inventories. As a result, Brent crude stabilised at $83.68 a barrel, and WTI crude retreated by 0.4% to settle at $78.54 a barrel.
read more... 29/02/2024
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EU’s 2030 wind power target within reach
The EU’s wind energy target for 2030 is within reach thanks to improvements in permitting and rebounds in investment, according to a new report from European wind association WindEurope.
read more... 29/02/2024
Germany to expand carbon capture and storage
Germany will change its CO₂ storage law to accommodate carbon capture and storage (CCS) for certain industrial sectors that were previously unable to use the technology.
read more... 29/02/2024
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EU Proposes Member States Maintain Measures to Reduce Natural Gas Demand
The European Commission proposed on Tuesday that EU member states continue taking voluntary measures to maintain a collective 15% gas demand reduction compared to the five-year average to March 2022, as the bloc looks to continue stabilizing its energy and gas supply.
read more... 29/02/2024
Daily (28.02.2024): Oil prices extended gains on Tuesday amid rising tensions in the Middle East
On Tuesday, oil prices saw a notable rise amid rising tensions in the Middle East and tightening supplies. The suspension of some Russian gasoline exports also lent support to prices. Consequently, Brent crude oil price increased by 1.4% to $83.65 a barrel, while WTI Crude gained 2% to settle at $78.87 a barrel.
read more... 28/02/2024