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Daily (23.12.2022): Oil prices lost 1% on Thursday as concerns about rate hikes outweighed tighter US stockpiles

Crude oil prices dropped by about $1 per barrel in choppy trading on Thursday as concerns about the impact of Federal Reserve interest rate hikes and China's rising COVID-19 cases outweighed the impact of lower U.S. crude stocks as a result of a winter storm in the United States. Hence, Brent crude settled at $80.98 a barrel, decreasing by $1.22, or 1.5% day-on-day. U.S. WTI crude future settled at $77.49, losing 80 cents, or 1%.

read more... 23/12/2022

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Poland introduces €43 gas price cap to protect consumers

Gas prices for Polish consumers excluding businesses will be capped at €43 per megawatt-hour (MWh) to ensure they are better protected against rising energy costs, according to a law signed by President Andrzej Duda on Wednesday.

read more... 23/12/2022

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First LNG regasified at Wilhelmshaven sent out into German grid

Germany's Uniper on Dec. 21 sent the first LNG regasified at the new floating import terminal at Wilhelmshaven into the German grid, a company spokesperson said Dec. 22.

read more... 23/12/2022

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Spain approves 1.2% windfall tax on energy companies

The Spanish senate approved a new windfall tax late on Wednesday that will curb sales revenues from energy companies in 2023-24 and aims to collect 1.2% of its turnover from large operators.

read more... 23/12/2022

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EU approves 28 bln euro German renewable energy scheme

The European Commission said on Wednesday it had approved the German government's 28 billion euro ($29.69 billion) support scheme for renewable energy, which is aimed at rapidly expanding use of wind and solar power.

read more... 22/12/2022

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