Latest news
Daily (12.04.2023): A bullish energy complex on Tuesday after Easter Holidays
Crude oil prices increased on Tuesday, boosted by an unexpected build in US inventories. Demand optimism and last week's announced OPEC+ cuts counterbalanced ongoing worries about economic slowdown in the West. Hence, Brent crude soared by 1.7% to settle at $85.61 a barrel. WTI crude ended 2.2% higher at $81.53 a barrel.
read more... 12/04/2023
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IberBlue Wind to invest $4.36 bln in Portugal-Spain offshore wind
Irish-Spanish consortium IberBlue Wind plans to invest more than 4 billion euros ($4.36 billion) in two wind farms off the Atlantic coasts of Portugal and Spain, it said on Tuesday.
read more... 12/04/2023
Hyundai Motor Group to invest $18 bln in South Korean EV industry by 2030
Hyundai Motor Group said on Tuesday it planned to invest 24 trillion won ($18.14 billion) in South Korea's electric vehicle (EV) industry through 2030, bolstering its presence in a segment that is set to dominate long-term global automotive demand.
read more... 12/04/2023
Au revoir, Germany’s ‘Atomkraftwerke’
On April 15, Germany will shut down its last remaining nuclear power plants, marking the end of the country’s more than 60-year foray into nuclear power and a long-time era of Franco-German cooperation.
read more... 12/04/2023
Daily (11.04.2023): Crude oil prices retreated by 1% on Monday amid thin holiday trading
Crude oil prices retreated on Monday as markets cautiously reopened after the holiday weekend and session volumes stayed low due to the closed European markets. Hence, Brent crude declined by 1% compared with Thursday’s session to close at $84.18 a barrel. Meanwhile, U.S. WTI crude decreased by 1% to settle at $79.74 a barrel.
read more... 11/04/2023