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Daily (23.02.2024): French Cal25 power contract plunged to its lowest level since Nov 2021 amid persistent bearish fundamentals
Oil prices extended gains on Thursday, with the ongoing bullish sentiment attributed to geopolitical risks in the Middle East, while a marginal rise in crude inventories failed to dampen the market. As a result, both contracts rose by about 1%, with Brent crude standing at $83.67 a barrel, and WTI crude settling at $78.61 a barrel.
read more... 23/02/2024
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Companies bid for 34 bcm of gas in new joint EU tender
19 companies have filed bids for nearly 34 billion cubic meters of natural gas in a new joint purchasing tender for multi-year deals, European Commission vice president Maroš Šefčovič said on Thursday (22 February).
read more... 23/02/2024
France seeks backing for EU-financed nuclear projects of common interest
French Economy Minister Bruno Le Maire said he would convene a meeting of pro-nuclear EU countries on 4 March to discuss the launch of an “Important Project of Common Interest (IPCEI)” in the field of nuclear power.
read more... 23/02/2024
British energy bills to fall after 12% cut to price cap
Most British household energy bills will fall from April after regulator Ofgem cut its domestic price cap by 12.3% to its lowest level in more than two years.
read more... 23/02/2024
Daily (22.02.2024): Oil prices rose on Wednesday as geopolitical tensions offset oversupply concerns
On Wednesday, oil prices rose despite worries about oversupply dampening investor sentiment. Heightened tensions in the Middle East and ongoing attacks on commercial ships in the Red Sea provided support to oil prices. Ahead of the publication of weekly US crude oil inventories, Brent crude settled at $83.03 a barrel, and WTI crude stood at $77.91 a barrel, both contracts increasing by about 1% day-on-day.
read more... 22/02/2024