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Daily (23.01.2025): Oil prices fell slightly due to slow global economic growth
Oil prices ended lower on Wednesday, asgeopolitical uncertainties and a weaker U.S. dollar were offset by concerns about weaker global economic growth due to potential tariffs. Brent crude slipped by 0.4%, closing at $79 per barrel. Similarly, WTI crude fell by 0.5%, settling at $75.44 per barrel.
read more... 23/01/2025
EU is preparing bloc-wide incentive plan for EVs
The European Union is working on a proposal for bloc-wide purchase incentives for electric vehicles to support the bloc’s struggling automakers, German Chancellor Olaf Scholz said.
read more... 23/01/2025
Spain's parliament rejects energy windfall tax, other government measures
Spain's minority leftist government suffered a new setback in the lower house of parliament on Wednesday, when lawmakers rejected several decrees, including an extension of a windfall tax for energy companies and transport subsidies.
read more... 23/01/2025
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Germany considers plan to subsidise storage refills
Germany's gas market trading hub is in talks with the economy ministry and regulator about the possibility of contractors receiving subsidies to refill gas storage sites, the Trading Hub Europe (THE) website showed.
read more... 23/01/2025
Daily (22.01.2025) : British gas prices surged on Tuesday amid IEA's forecast of prolonged market tightness through 2025
Oil prices declined by around 1% on Tuesday following Donald Trump's declaration of an "energy emergency" aimed at boosting U.S. hydrocarbon production to lower energy costs and combat inflation. Brent crude closed at $79.29 per barrel. Meanwhile, WTI settled at $75.83 per barrel.
read more... 22/01/2025