Latest news
Daily (06.06.2023): Crude oil prices rose by 1% on forecasts for additional cuts planned by Saudi Arabia in July.
Crude oil prices increased on Monday following the extension of production agreements by OPEC+ countries, with Saudi Arabia planning additional cuts in July. Hence, Brent crude increased by 0.8% to settle at $76.71 a barrel. While WTI Crude edged 0.6% higher at $72.15 a barrel.
read more... 06/06/2023
.jpg)
EU puts an end to its electricity market crisis measures
The European Commission said on Monday it had decided not to prolong emergency measures introduced last year to shield consumers from soaring energy prices, adding those measures had helped to contribute to a calming of European electricity markets.
read more... 06/06/2023
.jpg)
Italy could abandon coal by 2024
Italy could shut down its coal-fired power stations in 2024, a year earlier than planned, if gas prices remain at current low levels, Environment Minister Gilberto Pichetto Fratin said on Monday.
read more... 06/06/2023
Germany launches $53 bln scheme to help stricken industry decarbonise
Germany is launching a programme that will make available tens of billions of euros for firms facing substantial energy costs, in a bid to help its challenged industrial sector fund a shift towards carbon-neutral production techniques.
read more... 06/06/2023
Daily (05.06.2023): Oil prices rose sharply on Friday amid strong US employment figures
Oil prices rose sharply on Friday amid strong US employment figures. Moreover, debt impasse has been finally overcome. Ahead of OPEC+ meeting, Brent crude rose by 2.5 % to settle at $76.13 a barrel. Meanwhile, WTI crude traded at $71.74 a barrel, up by 2.3% day-on-day.
read more... 05/06/2023