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Daily (14.12.2023): Forward gas prices traded higher on Wednesday as colder weather forecasts counterbalanced ample supply
On Wednesday, oil prices rebounded, supported by a decline in US crude inventories and a more relaxed tone from the Federal Reserve. As a result, Brent crude ended at $74.26, and WTI crude settled at $69.47 per barrel, with both contracts recording gains of over 1%.
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Norway cuts planned onshore wind tax rate to 25%
Norway's parliament has agreed to introduce a 25% resource tax on onshore wind from the start of next year, a reduction of 10 percentage points from the government proposal.
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Final accord reached on Belgian reactor operations
A final agreement has been signed between the Belgian government and French utility Engie to extend the operation of the Tihange 3 and Doel 4 nuclear power reactors by 10 years and on all obligations related to radioactive waste.
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Energy groups launch two green hydrogen projects in Italy
Four energy companies announced on Tuesday two separate green hydrogen projects in Italy as they move to offer clean fuels to their customers and take advantage of money coming from the European Union's post-pandemic recovery fund.
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Daily (13.12.2023): Oil prices hit a 6-month low on Tuesday, driven by oversupply concerns and gloomy global economic outlook
Oil prices posted a sharp decline by about 4% on Tuesday, hitting a 6-month low, weighed down by fears of an oversupply of crude, a gloomy global economic outlook and US inflation that is not slowing down as easily. The Fed, the ECB and the BoE are all set to unveil interest rate decisions this week as investors await their impact on the global economy and oil demand. Hence, Brent crude settled at $73.324, while WTI crude closed at $68.61 per barrel.
read more... 13/12/2023