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Daily (03.09.2024): British gas prices lost ground on Monday amid due to strong LNG supply
Oil prices diverged Monday as the market grappled with mixed signals from China, reflecting a weak economic outlook, while concerns over worsening supply disruptions in Libya provided some upward pressure. Brent crude fell by nearly 2%, closing at $77.44 per barrel, while WTI crude rose by over 1%, settling at $74.36 per barrel.
read more... 03/09/2024
EU to tighten hydrogen subsidy rules after China concerns
The European Commission is working on tighter rules to ensure EU funding for hydrogen projects benefits European companies, after local industries raised concerns over cheap Chinese imports, the EU's head of climate change policy said on Monday.
read more... 03/09/2024
UK Windfall Tax Hike Could Cost the Government $16 Billion
The planned additional hike in the UK’s windfall tax on North Sea oil and gas operators could lead to $16 billion (£12 billion) lower tax receipts for the country compared to the current tax regime, offshore industry group OEUK warned in a new report on Monday.
read more... 03/09/2024
Vattenfall halts Swedish offshore wind project over grid concerns
Vattenfall said on Monday it had paused construction of Sweden's Kriegers Flak offshore wind project as a lack of clarity on how it will connect to the national grid made it unprofitable.
read more... 03/09/2024
Daily (02.09.2024): British gas traded higher on Friday amid concerns over reduced Norwegian flows and geopolitical tensions between Russia and Ukraine
Oil prices fell on Friday, driven by disappointing economic data from China, which stoked concerns about global demand. Brent crude fell by over 1% to close at $78.80 per barrel, while WTI crude dropped by over 3% to settle at $73.55 per barrel.
read more... 02/09/2024