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Daily (07.09.2023): Gas prices retreated on Wednesday due to postponed strikes at Australian LNG plants
On Wednesday, crude oil prices edged higher as traders expected reductions in U.S. crude due to ongoing production cuts in both Saudi Arabia and Russia. Hence, Brent crude rose by 0.6% to $90.60 a barrel, while WTI crude increased by about 1% to $87.54 a barrel.
read more... 07/09/2023
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Spain proposes amendments to EU power market overhaul
Spain, which holds the presidency of the European Union until December, has proposed several amendments to help pass a key piece of legislation that would overhaul the bloc's electricity market, a document showed.
read more... 07/09/2023
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Britain eases planning rules for onshore wind projects in England
British Prime Minister Rishi Sunak's government said on Tuesday it would speed up the approval process for English onshore wind projects that are backed by local people, easing what has been seen as an effective ban.
read more... 07/09/2023
EU’s hydrogen economy struggles to pick up pace
Demand for renewable hydrogen in Europe is expected to hit 8.5 million tonnes by 2030, far below the EU’s planned 20 million tonnes, according to the industry, which calls for a shift in strategy to ramp up supply and demand.
read more... 07/09/2023
Daily (06.09.2023): Oil prices hiked above $90 per barrel after Saudi Arabia and Russia extended their supply curbs until December 2023
Crude oil prices increased on Tuesday amid announcement that Saudi Arabia and Russia will extend production cuts until December 2023. Stronger manufacturing data from China lent further support on price. Hence, Brent crude traded around 1% higher at $90.04 a barrel. Meanwhile, U.S. WTI crude rose by 0.9% to end at $86.69 a barrel.
read more... 06/09/2023