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Daily (22.11.2024): British gas prices hit a 1-year high on Thursday amid escalating tensions in Ukraine
Oil prices rose by approximately 2% on Thursday due to the escalation of the conflict in Ukraine, with Kiev accusing Moscow of launching an intercontinental missile. Brent crude closed at $74.23 per barrel, while WTI crude ended the day at $70.10 a barrel.
read more... 22/11/2024
UK energy bills to rise in January
Energy regulator Ofgem has announced a 1.2% increase in the energy price cap for January-March 2025, raising average household bills by £21 per year or £1.75 per month for those paying by direct debit.
read more... 22/11/2024
Sweden's Northvolt files for bankruptcy, in blow to Europe's EV ambitions
Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe's hopes that its most developed battery player would reduce Western car makers' reliance on Chinese rivals.
read more... 22/11/2024
Hungary seeks to amend Paks nuclear plant contract with Russia
The Hungarian government has introduced a bill to its parliament that could amend the existing contract with Russia’s Rosatom for the Paks nuclear plant expansion.
read more... 22/11/2024
Daily (21.11.2024): European forward power prices increased by 2% on Wednesday, tracking bullish gas
Oil prices dropped on Wednesday, weighed down by a surprise rise in US stockpiles, as investor focus shifted back to supply and demand dynamics following the intensifying tensions between Ukraine and Russia. Brent crude closed at $72.81 per barrel falling by 0.7%, while WTI crude ended the day at $68.75 per barrel, down by nearly 1% day-on-day.
read more... 21/11/2024