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Daily (25.10.2023): Oil prices continued to decline by over 2% on Tuesday, as weak European data weighs
Crude oil prices extended losses yesterday as worries about a potential economic slowdown in the Eurozone intensified, driven by an unanticipated decrease indicated by the October PMI data. Nonetheless, Middle East tensions restrained the decline. As a result, Brent crude declined by about 2% to end at $88.07 a barrel. Meanwhile, U.S. WTI crude traded 3.4% lower at $83.74 a barrel.
read more... 25/10/2023
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EU launches Wind Power Action Plan
The European Commission is today presenting a European Wind Power Action Plan to ensure that the clean energy transition goes hand-in-hand with industrial competitiveness.
read more... 25/10/2023
EU on track to quit Russian fossil fuels
The European Union is on track towards its goal of ending Europe's reliance on Russian fossil fuels within this decade, the European Commission said on Tuesday.
read more... 25/10/2023
JLR opens EV test facility as it gears up for electric cars
JLR said that by testing EVs on site it would minimize the cost of shipping prototype cars around the world.
read more... 25/10/2023
Daily (24.10.2023): Oil prices decreased by over 2% on Monday, in response to reports of US diplomatic efforts to reduce tensions in the Middle East
Crude oil prices moved downwards yesterday, as the markets were optimistic that diplomatic efforts could defuse the conflict in the Middle East. Furthermore, persistent global issues, such as elevated debt levels and instability in the property sector, exerted additional pressure on prices. As a result, Brent crude declined by 2.5% to end at $89.83 a barrel. Meanwhile, U.S. WTI crude traded 2.9% lower at $85.49 a barrel.
read more... 24/10/2023