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Daily (18.07.2023): Spot electricity prices in Europe rebounded by more than 200% on Monday, amid plummeting wind and solar output
On Monday, oil prices declined for the second consecutive day as traders grew more skeptical about the resilience of China's economic rebound in the absence of government assistance. Consequently, WTI crude experienced a 1.7% drop , reaching $74.15 per barrel. At the same time, Brent crude also declined by 1.7%, settling at $78.50 per barrel.
read more... 18/07/2023
France to raise regulated household electricity prices by 10% from August
The French government has decided to raise regulated household electricity prices by 10% starting from August, a government official told Reuters on Tuesday, confirming a report from newspaper Les Echos.
read more... 18/07/2023
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Baltic states set to decouple from Russian power grid in early 2025
The Baltic states are set to decouple from the Russian power grid in early 2025 despite calls from Lithuania for an earlier exit, Estonian Prime Minister told Reuters.
read more... 18/07/2023
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Britain opens small nuclear reactor competition, launches new nuclear body
Britain on Tuesday opened a competition to develop small modular nuclear reactors (SMRs), such as those being developed by Rolls-Royce, as it launched its new Great British Nuclear body designed to help drive the expansion of projects in the country.
read more... 18/07/2023
Daily (17.07.2023): Oil prices retreated by about 2% on Friday, driven by profit-taking
Oil prices retreated by about 2% on Friday, driven by profit-taking at the end of a week in which prices recovered, supported by good inflation news. Thus, WTI crude traded about 2% lower at $75.42 a barrel, while Brent crude dropped by 1.8% to settle at $79.87 a barrel.
read more... 17/07/2023