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Daily (28.09.2023): Oil prices hit new highs amid supply constraints and significant inventory drawdown
On Wednesday, oil prices hit new highs, driven by the tightening of global oil supply and a larger-than-anticipated decrease in US crude inventories. As a result, Brent crude soared by 2.8% to settle at $96.55 a barrel, its highest levels in 10 months. Similarly, WTI crude surged by 3.6% to end at $93.68 a barrel, marking its highest level in over a year.
read more... 28/09/2023
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France Boosts Energy Transition Investments In 2024 Budget
The French government will significantly increase public spending on green energy projects while curbing the support to households to help them with the high energy prices, according to the 2024 budget.
read more... 28/09/2023
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$40B Deal With U.S. Companies Kickstarts Poland’s Nuclear Power Ambitions
Poland’s first nuclear power plant moved forward on Wednesday with the signing of a deal between the Polish government and a consortium of U.S. companies including Westinghouse and Bechtel.
read more... 28/09/2023
Germany halts e-car solar subsidy programme after one day amid high demand
Germany on Wednesday halted a subsidy scheme less than 24 hours after it was launched due to strong demand for the payments to install rooftop solar panels, storage and charging points, highlighting questions about the effectiveness of one-off subsidies in the switch to green energy.
read more... 28/09/2023
Daily (27.09.2023): British gas prices turned bearish on Tuesday amid healthy supply and milder weather forecasts
Crude oil prices continued the slightly but steady rise on Tuesday due to concerns regarding supply-demand crunch. However, macroeconomic fears have limited the upward trend. As a result, Brent crude traded 0.7% higher at $93.96 a barrel. Meanwhile, U.S. WTI crude rose by 0.8% to $90.39 a barrel.
read more... 27/09/2023