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Daily (29.05.2023): Crude oil prices retreated by 1% on Friday amid provisional agreement on rising the US debt ceiling
Oil prices gained ground on Friday, spurred by provisional agreement struck by US leaders on raising the debt ceiling and potential output cuts by OPEC+. Brent crude increased by 0.9% to settle at $76.95 a barrel, while WTI gained 1.3% to trade at $72.67 a barrel.
read more... 29/05/2023
UK electricity market sets CAP below £100/MWh for first time since 2021
The Credit Assessment Price will fall to £85/MWh in response to stabilising wholesale prices
read more... 29/05/2023
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Engie, Amazon inaugurate Italy's biggest agrivoltaic farm
France's Engie and Amazon on Friday officially opened Italy's biggest agrivoltaic farm to supply green energy to the Italian unit of the e-commerce giant.
read more... 29/05/2023
Regulators support international collaboration on SMR technology
Members of the International Nuclear Regulators' Association (INRA) have released a joint statement affirming their commitment to work together on generic design assessment and licensing of small modular reactor (SMR) technologies.
read more... 29/05/2023
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Daily (26.05.2023): An overall bearish energy complex on Thursday
Crude oil prices fell sharply on Thursday, dampened by statements from Russia's Deputy Prime Minister for Energy, who rejected a further production cut at the end of the next OPEC+ meeting. Remaining fears over the possibility of a US debt ceiling default have put further pressure on prices. Hence, Brent crude posted a 2.7% decline at $76.26 a barrel. Meanwhile, WTI crude plunged by more than 3% to close at $71.83 a barrel.
read more... 26/05/2023