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Daily (07.03.2022): Crude oil surged to new multi-year highs on Friday amid supply fears
Crude oil prices surged to multi-year fresh highs on Friday amid ongoing supply worries as traders avoided buying Russian oil products, outweighing optimism about Iran nuclear deal. Hence, Brent crude spiked by 6.9% to settle at $118.11 a barrel., its highest level since February 2013. U.S. WTI crude soared by 7.4% to end at $115.68 a barrel, its highest finish since September 2008.
read more... 07/03/2022
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Daily (04.03.2022): Oil prices saw a downward correction on Thursday amid hopes of a nuclear deal between Iran and the US
Oil prices retreated from a decade high on Thursday amid hopes of a nuclear deal between Iran and the US. Hence, Brent crude decreased by $2.47, or 2.2%, to settle at $110.46 a barrel. U.S. WTI crude fell by $2.93, or 2.6%, to end at $107.67 a barrel.
read more... 04/03/2022
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IAEA appeal after shelling and fire at Zaporozhe
The State Nuclear Regulatory Inspectorate of Ukraine (SNRIU) said in a statement at 07:15 local time (05:15 GMT) that shelling by Russian forces at the site of the country’s largest nuclear reactor had caused a fire to break out.
read more... 04/03/2022
Sony and Honda plan to launch new joint firm for electric vehicles
Sony is teaming up with automaker Honda to start a new company that will develop and sell electric vehicles, the electronics giant said Friday, its latest step into the rapidly growing sector.
read more... 04/03/2022
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EU drafts plan to ditch Russian gas
Europe needs to build up its renewable energy capacity and diversify its gas supply to end its dependency on Russian gas, according to a leaked draft of the EU’s communication on energy prices seen by EURACTIV.
read more... 04/03/2022