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Daily (17.03.2022): Oil prices lost around 1.5% on Wednesday, following news that ceasefire talks between Russia and Ukraine might be reaching a compromise
Crude oil prices continued to fall on Wednesday, weighed by concerns of a slowdown in demand for black gold and optimism regarding ceasefire talks between Russia and Ukraine. As a result, Brent oil lost 1.9% at $98.02 a barrel and WTI crude decreased by 1.5% to $95.04 a barrel.
read more... 17/03/2022
EU to subsidise household fuel prices surging amid Ukraine crisis
EU finance ministers agreed on Tuesday (15 March) to subsidise household fuel prices and offer support to companies hit by surging energy prices as a result of Russia’s invasion of Ukraine, French Finance Minister Bruno Le Maire said.
read more... 17/03/2022
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EU summit draft backs urgent refilling of gas stores for next winter
European Union countries should immediately start refilling their gas stores to prepare for next winter and provide a buffer against supply shocks, EU country leaders will say at a summit next week.
read more... 17/03/2022
Portugal to auction 3-4 GW of floating offshore wind farms in summer
Portugal plans to hold its first auction for floating offshore farms this summer, which it hopes will be able to produce between 3 and 4 gigawatts (GW) of power in 2026, Environment and Energy Transition minister Joao Matos Fernandes told Reuters.
read more... 17/03/2022
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Daily (16.03.2022): Oil prices fell below $100 a barrel on Tuesday amid China lockdown, hopes for a nuclear deal
Crude oil prices fell below $100 a barrel on Tuesday after China, the world’s largest oil importer, imposed new lockdowns to fight against an outbreak of the coronavirus, move which could jeopardize demand. Suggestions that Russia could allow the revival of the nuclear deal with Iran to go ahead put further downward pressure on prices. Hence, Brent crude shed by 6.5% to settle at $99.91 a barrel. U.S. WTI crude dropped by 6.4% to end at $96.44 a barrel.
read more... 16/03/2022