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Daily (26.10.2023): Oil prices rebounded by about 2% on Wednesday, boosted by the situation in the Middle East and the release of US crude inventories
Oil prices rebounded on Wednesday following several sessions of decline, boosted by news on the situation in the Middle East and the release of US crude inventories. As a result, Brent crude settled 2.3% higher at $90.13 per barrel, while WTI crude ended at $85.39 per barrel, up 2% day-on-day.
read more... 26/10/2023
Germany aims to support industry via tax relief, CCS
Germany’s economy ministry aims to help energy-intensive industry cope with higher energy prices via tax relief measures and decarbonise via carbon capture and storage (CCS), it said in a new plan on Tuesday.
read more... 26/10/2023
Honda-GM Ditch $5B Plan To Jointly Develop Affordable EVs
As GM redirects its focus toward making a profit amid grim earnings outlooks, strikes and rising costs, the U.S. auto giant has announced it is ditching a $5-billion plan to develop affordable EVs in partnership with Honda.
read more... 26/10/2023
EU executive proposes methane emissions limit on gas imports
The European Commission has proposed imposing methane emissions limits on EU gas imports from 2030, a move that would pressure the bloc's international fossil fuel suppliers including the U.S. to cut leaks of the potent planet-warming gas.
read more... 26/10/2023
Daily (25.10.2023): Oil prices continued to decline by over 2% on Tuesday, as weak European data weighs
Crude oil prices extended losses yesterday as worries about a potential economic slowdown in the Eurozone intensified, driven by an unanticipated decrease indicated by the October PMI data. Nonetheless, Middle East tensions restrained the decline. As a result, Brent crude declined by about 2% to end at $88.07 a barrel. Meanwhile, U.S. WTI crude traded 3.4% lower at $83.74 a barrel.
read more... 25/10/2023