Crude oil prices were mostly steady to slightly bearish on Thursday, as the impact of new U.S. sanctions on Russia and China's plans for economic stimulus through monetary easing was counterbalanced by weaker global oil demand. As a result, Brent crude slipped by 0.2% to settle at $73.41 a barrel, while U.S. WTI crude decreased by 0.4% to approximately $70 a barrel.
read more... 13/12/2024
Germany’s Federal Network Agency has awarded 4GW of capacity in the latest onshore wind tender results.
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Sweden is ready to introduce new measures to tackle the country's soaring energy prices, Energy Minister Ebba Busch announced on Thursday (12 December), blaming Germany's nuclear phase-out for the crisis in the country and at EU level.
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Britain's energy regulator Ofgem has proposed reforming how companies deal with customers who owe money and said they should offer tariffs free of some charges as household energy debts hit almost 4 billion pounds ($5.1 billion).
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Oil prices edged higher by around 2% on Wednesday, supported by additional sanctions imposed by the European Union on Russia's "ghost fleet", which is expected to impact Kremlin's oil exports. Brent crude rose closed at $73.52 per barrel, while WTI crude increased to $70.29 per barrel.
read more... 12/12/2024