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Daily (16.12.2022): British gas prices soared by about 3% on Thursday amid colder weather, increased storage withdrawals
Crude oil prices retreated on Thursday as traders fretted about the fuel demand outlook amid a stronger dollar and additional interest rate increases by international central banks. Hence, Brent crude fell by $1.49, or 1.8%, to settle at $81.21 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped by $1.17, or 1.5%, to settle at $76.11 a barrel.
read more... 16/12/2022
German parliament passes 100 bln eur package to cap energy bills
Germany's lower house of parliament on Thursday passed legislation worth an estimated 100 billion euros ($106.14 billion) to put the brakes on electricity and gas bills for households and industry from January.
read more... 16/12/2022
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ICE warns it could relocate gas trading out of EU if bloc caps price
The Intercontinental Exchange has warned it will consider relocating its gas trading hub to outside of the European Union, if Brussels agrees a plan to cap gas prices.
read more... 16/12/2022
Aker BP, partners to invest $20.5 bln in new oil, gas projects
Norwegian oil firm Aker BP and its partners will invest more than 200 billion crowns ($20.5 billion) to develop several oil and gas fields off Norway in the coming years, the company said on Friday.
read more... 16/12/2022
Daily (15.12.2022): European carbon prices extended losses on Wednesday amid expiring contracts
Crude oil prices rebounded on Wednesday following forecasts from OPEC and the International Energy Agency (IEA) of a rebound in demand over the next year, and as US interest rate hikes are expected to ease further alongside slowing inflation. Brent crude increased by $2.02, or 2.4%, to $82.70 per barrel, while U.S. WTI crude rose by $1.94 to $77.28 a barrel.
read more... 15/12/2022