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Daily (11.07.2023): Oil prices slipped by 1% on Monday amid ongoing concerns about global economy
On Monday, crude oil prices decreased amid continued global macroeconomic concerns. Sluggish economic recovery in China combined with ongoing macro uncertainty in the US outweighed production cuts from both Saudi Arabia and Russia. Thus, Brent crude slipped by 1% to settle at $77.69 a barrel. Meanwhile, WTI crude dropped by 1.2% to end at $72.99 a barrel.
read more... 11/07/2023
Pro-nuclear energy EU states ask for 'level playing field' with renewables
A group of pro-nuclear EU countries led by France will present a paper to the European Commission on Tuesday asking for a "level playing field" for nuclear energy in the bloc's fight against climate change, a draft of the paper seen by Reuters showed.
read more... 11/07/2023
UK explores ‘locational pricing’ to green grid and lower energy bills
The UK Government is currently exploring the possibility of implementing locational pricing for electricity.
read more... 11/07/2023
Germany adds record 8 GW solar, wind capacity in H1
Germany added a record 8 GW of solar and wind power capacity in the first six months of 2023, up around two thirds year on year, think-tank IWR said, based on data from the BNEtzA registry.
read more... 11/07/2023
Daily (10.07.2023): Oil prices rose by about 3% on Friday as US stocks reached their lowest level since the start of 2023
Oil prices rose on Friday, posting a second straight week of gains as official data showed US stocks had hit their lowest level since the start of 2023. As a result, WTI crude climbed by about 3% to settle at $73.86 a barrel, while Brent crude ended at $78.47 a barrel, posting a 2.6% gain day-on-day.
read more... 10/07/2023