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Daily (19.09.2024): Energy prices eased slightly on Wednesday following the surge in the previous session
Oil prices fell slightly on Wednesday, as escalating tensions in the Middle East were offset by the US Federal Reserve’s decision to cut interest rates by 50 basis points. As a result, Brent crude closed at $73.65 per barrel, while WTI crude settled at $70.91 per barrel.
read more... 19/09/2024
Daily (18.09.2024): British gas prices turned bullish on Tuesday following missile attacks in Ukraine
Oil prices gained around 1.5% on Tuesday, driven by ongoing supply disruptions in the US following Hurricane Francine and heightened tensions in the Middle East. Brent crude closed at $73.70 per barrel, while WTI crude settled at $71.19 per barrel.
read more... 18/09/2024
Italy cuts funding for Stellantis, Mercedes EV battery factory
The Italian government is cutting funds to a Stellantis and Mercedes-Benz electric-vehicle battery plant after the project faced delays due to a slowdown in EV demand in Europe.
read more... 18/09/2024
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Dutch Government Boosts Grid Operator TenneT with €19B Loan
The Dutch government is stepping in again to support TenneT, the state-owned grid operator, with a new supplementary €19 billion bridge loan. This comes after a failed deal to sell TenneT's German network to Berlin. The loan will help meet rising electricity demand and support grid investments through 2026.
read more... 18/09/2024
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Italy Shuts the Door on New Oil Exploration
Itay will no longer grant concessions for oil and condensate exploration and production, a draft of a new government decree shows.
read more... 18/09/2024