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Daily (10.01.2023): European gas and power prices moved upwards on Monday amid colder weather forecast
Crude oil prices moved upwards on Monday as China's decision to lift COVID-19 restrictions raised hopes for a rebound in economic activity in the world's second largest oil consumer. Brent crude rose by $1.08, or 1.4%, to settle at $79.65 a barrel. U.S. West Texas Intermediate crude added 86 cents, or 1.2%, to $74.63.
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UK outlines electricity capacity market reforms, incentivising clean suppliers
Britain announced new proposals on Monday aimed at avoiding electricity blackouts and incentivising greater investment in low carbon technologies.
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Spain to ask EU for extension to Iberian gas price cap until end 2024
Spain will seek European Union permission to extend its temporary cap on reference prices for natural gas and coal used by power plants until at least the end of 2024, Energy Minister Teresa Ribera said on Monday.
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Norway expects jump in oil output and gas near record highs
Norway's oil output is expected to rise by 6.9% this year as the huge Johan Sverdrup field ramps up production while gas volumes are predicted to remain unchanged near record highs, the Norwegian Petroleum Directorate (NPD) said on Monday.
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Daily (09.01.2023): European carbon prices fell on Friday amid temperatures above sesonal norm
Crude oil prices diverged on Friday, as the market still digesting a declining US dollar and mixed US data jobs. Consequently, Brent crude edged 0.1% lower at $78.57 a barrel. Meanwhile, WTI crude ended 0.1% higher at $73.77 a barrel amid increasing demand from China.
read more... 09/01/2023