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Daily (20.11.2024): British gas prices were bearish on Tuesday amid cooling geopolitical tensions in the Middle East
Oil prices closed near equilibrium on Tuesday, with upward pressure from escalating tensions between Ukraine and Russia capped by Iran’s commitment to halt the expansion of its highly enriched uranium stockpile. Brent crude held steady at $73.31 per barrel, while WTI crude ended at $69.39 per barrel, up by 0.3%.
read more... 20/11/2024
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Poland to keep household energy price freeze in 2025, to spend $1.3 bln
The Polish government will extend its freeze on household energy prices for the first nine months of 2025, a draft bill adopted by the Cabinet showed on Tuesday.
read more... 20/11/2024
Funding for EU’s second hydrogen auction increases to around €2 billion
Spain, Lithuania and Austria will participate in the ‘Auctions-as-a-Service’ scheme as part of the second European Hydrogen Bank auction, which will be launched on December 3, 2024. In addition to the €1.2 billion in EU funding from the Innovation Fund, the three countries will deploy over €700 million in national funds to support renewable hydrogen production projects located in their countries. The total funding mobilized by the auction will therefore be around €2 billion.
read more... 20/11/2024
UK oil and gas decommissioning spend nears $3 billion/year as transition pressures grow
The UK oil and gas industry is hitting new highs of spending on decommissioning, with spending set to average GBP2.4 billion ($3 billion)/year in the next few years, while the amount of work actually carried out is falling, industry group Offshore Energies UK said Nov. 19, underlining the difficulties associated with winding down the decades-old sector.
read more... 20/11/2024
Daily (19.11.2024): Brent crude surged on Monday amid Russia-Ukraine conflict concerns
Oil prices ended sharply higher on Monday, amid fears of an escalation in the Russia-Ukraine conflict. Brent crude closed at $73.30 per barrel, while WTI crude ended at $69.16 per barrel, both posting 3% daily gains.
read more... 19/11/2024