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Daily (27.11.2023): Oil prices declined by 1% on Friday amid market’s waning confidence in OPEC's production quota adjustments
On Friday, oil prices declined by more than 1% in a thinly traded market where confidence in a substantial adjustment to production quotas by OPEC and its allies has diminished. Consequently, Brent crude settled at $80.58 per barrel, while WTI crude ended at $75.54 per barrel.
read more... 27/11/2023
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EU plans boost for power grid investment
The European Commission has drafted plans to scale up investment in Europe's power grids, including dozens of projects earmarked for priority access to permits and EU funding, a draft document seen by Reuters showed.
read more... 27/11/2023
Finland opens auction for offshore wind totalling 7.5GW
The Finnish Government has announced a new offshore wind auction totalling 7.5GW to boost the country’s renewable energy generation
read more... 27/11/2023
UK allocates £2bn for zero emission vehicle supply chain
The UK Government has unveiled its Battery Strategy, a pivotal roadmap to enhance domestic supply chains for electric vehicles (EVs) and diminish reliance on Chinese-made batteries.
read more... 27/11/2023
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Daily (24.11.2023): Carbon and gas prices were strongly bullish on Thursday amid colder weather forecasts
Oil prices continued to decline on Thursday, weighed by the postponement of the OPEC+ alliance meeting, fueling rumors of discord between its members and casting doubt on whether Saudi Arabia will maintain its voluntary production cuts. Thus, Brent crude edged 0.7% down at $81.42 per barrel, while WTI crude settled 1% lower at $76.40 per barrel.
read more... 24/11/2023