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Daily (21.07.2023): NBP spot jumped by over 8% on Thursday following a halt in production at Aasta Hansteen
Crude oil prices notched a small increase yesterday as the market expects that China will roll out more stimulus measures to support domestic demand. Furthermore, signs of a decline in crude oil exports from Russia lent further support to prices. Hence, Brent crude edged 0.2% higher at $79.64 a barrel.
read more... 21/07/2023
Portugal announces withdrawal from Energy Charter Treaty
Portugal’s Environment Minister Duarte Cordeiro annouced this week that the country has started withdrawing from the Energy Charter Treaty, in line with a proposal tabled by the European Commission two weeks ago.
read more... 21/07/2023
Lawmakers reintroduce nuclear in EU’s net-zero industry list
Nuclear power was reintroduced as one of the preferred green technologies to revitalise Europe’s industry, according to a political agreement struck on Tuesday (18 July) by lawmakers in the European Parliament on the bloc’s proposed Net-Zero Industry Act.
read more... 21/07/2023
US to hold first offshore wind rights sale in Gulf of Mexico next month
The United States on Thursday said the first offshore wind power auction in the Gulf of Mexico will take place next month, an industry milestone President Joe Biden discussed during a trip to highlight the administration's efforts to boost clean energy.
read more... 21/07/2023
Daily (20.07.2023): European carbon prices reached a two-week high amid upcoming cuts in auction volumes
On Wednesday, crude oil prices slipped on concerns about Chinese and US demand. Hence, Brent crude edged 0.2% lower at $79.46 a barrel, while WTI crude decreased by about 0.5% to settle at $75.35 a barrel.
read more... 20/07/2023