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Daily (30.03.2023): Oil prices retreated on Wednesday, dampened by profit taking and refinery shutdowns in France, despite a sharp rise in US demand
Oil prices retreated on Wednesday, dampened by profit taking and refinery shutdowns in France, which more than offset the weekly report from the U.S. Energy Information Agency (EIA) that commercial crude inventories shrank by 7.5 million barrels. Thus, Brent crude fell by 0.5% to $78.28 a barrel, while WTI crude edged 0.3% down at $72.97.
read more... 30/03/2023
Nuclear dispute hangs over EU renewable energy talks
The European Union enters the final stage of tense talks over how to treat hydrogen produced using nuclear power on Wednesday, in an effort to end a dispute that threatens to thwart a deal on more ambitious renewable energy goals.
read more... 30/03/2023
EU reaches deal on higher renewable energy share by 2030
The European Union reached a provisional deal on Thursday on higher renewable energy targets, an important pillar of the bloc's plans to fight climate change and end dependence on Russian fossil fuels.
read more... 30/03/2023
Italy To Unveil $5.4 Billion In Funds To Compensate Energy Costs For Consumers
Italy is set to outline its plan to dole out $5.4 billion in funds to cut the costs for energy consumers, government officials said on Tuesday.
read more... 30/03/2023
Daily (29.03.2023): Escalating concerns about French nuclear availability lent support to British forward gas prices on Tuesday
Oil prices gained ground on Tuesday, supported by renewed risk appetite among investors and the halt of oil imports from Iraqi Kurdistan by Turkey (around 450,000 barrels per day). Thus, Brent crude edged 0.7% higher to settle at $78.65 a barrel, while WTI crude added 0.5% to end at $73.20 a barrel.
read more... 29/03/2023