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UK signs GBP50 mil investment deal with JATCO, Nissan to build powertrain plant in Sunderland
The UK government has signed a GBP50 million ($61 million) investment deal with Japan Automatic Transmission Company and automaker Nissan to build a 3-in-1 electric vehicle powertrain manufacturing site in Sunderland, the government announced in a Jan. 16 statement.
read more... 20/01/2025
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Italy’s Natural Gas Demand Slumps to 15-Year Low
Consumption of natural gas in the EU’s third-largest economy, Italy, dropped by 2.5% in 2024 to its lowest level in more than 15 years, power market manager GME said on Friday.
read more... 20/01/2025
Daily (17.01.2025) : Oil prices fell on Thursday amid profit-taking after sanctions-driven rally
Oil prices moved downwards on Thursday as profit-taking followed a recent rally driven by U.S. sanctions on Russia. Brent crude dropped less by 1% to $81.29 per barrel, while WTI crude decreased by 1.7% to end at $78.68 per barrel.
read more... 17/01/2025
Daily (16.01.2025): EUAs hit a one-year high, driven by fund activity and bullish market sentiment
Oil prices surged on Wednesday, driven by an upward revision in fourth-quarter 2024 demand by the International Energy Agency and continued impact from U.S. sanctions on Russia. Brent crude rose by 2.6%, reaching $82 per barrel, its highest since July 2024. Similarly, WTI crude gained 3.3%, closing slightly higher than $80 a barrel.
read more... 16/01/2025
Daily (15.01.2025): Oil prices eased on Tuesday amid speculative selling and subdued demand from China
Oil prices softened on Tuesday, driven by speculative selling after recent price surges and market uncertainty surrounding the upcoming return of Donald Trump to the White House. Brent crude dropped by 1.4%, settling at $79.92 per barrel. WTI crude declined by 1.7%, closing at $77.50 per barrel.
read more... 15/01/2025