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Daily (09.10.2023): British gas prices jumped on Friday amid concerns over potential strikes in Australia
Oil prices experienced a 0.6% daily increase on Friday on improved market sentiment, driven by a return of risk appetite among investors. However, gains were capped as concerns about global demand still linger in the background. As a result, Brent crude reached $84.58 per barrel, while WTI crude reached $82.79 per barrel.
read more... 09/10/2023
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Nuclear price cap likely to replace French Arenh
France is likely to present a nuclear price cap system to replace its current Arenh mechanism by the end of the month, despite continuing to push for nuclear CFDs at the European level, market participants told Montel.
read more... 09/10/2023
Germany to extend energy price caps until end of March 2024
Germany plans to extend the electricity and gas price caps it introduced last year until March 2024 and the European Commission is examining the measure, a source told Reuters on Friday.
read more... 09/10/2023
Global electricity sector nearing ‘peak emissions’
Anew report suggests that we may soon reach the peak of global emissions from the electricity sector. Research into 78 countries by think tank Ember has shown that in the first half of 2023, CO₂ emissions from the global power industry grew by a mere 0.2%, with wind and solar capacity hitting record levels.
read more... 09/10/2023
Daily (06.10.2023): Oil prices fell below $85 a barrel on Thursday amid demand worries
Oil prices posted a 2% daily loss on Thursday, weighed down by fears of weakening demand as a result of tight monetary policies. Consequently, Brent crude settled at $84.07 a barrel, while WTI crude closed at $82.31 a barrel.
read more... 06/10/2023