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Daily (14.09.2023): British gas prices soared on Wednesday amid escalating LNG strikes in Australia
On Wednesday, crude oil prices edged lower due to stronger US crude inventories. Hence, Brent crude slipped by 0.2% to $91.88 a barrel, while WTI crude declined by 0.4% to $88.52 a barrel.
read more... 14/09/2023
EU's von der Leyen pledges more support for wind industry
The European Union will put forward a package of measures to support its wind power industry as renewable energy companies struggle with challenges including inflation, European Commission President Ursula von der Leyen said on Wednesday.
read more... 14/09/2023
EU to launch first phase of world-first CO2 border tax
The European Union starts the initial phase of its plan for the world's first carbon border tax next month, requiring importers to report the CO2 emissions of products sold into Europe, such as steel and cement, or risk financial penalties.
read more... 14/09/2023
Nuclear gets a boost from Europe's new green energy targets
European lawmakers bowed to pressure from France to allow nuclear power to be used for ammonia and hydrogen production in order to pass new legally binding targets to expand renewable energy development in the European Union.
read more... 14/09/2023
Daily (13.09.2023): Brent crude price surpassed the $92 per barrel mark for the first time since November
Crude oil prices increased on Tuesday, hitting levels not seen since last November amid announcement that Saudi Arabia and Russia extended their voluntary production cuts, in a move to stabilize the markets. The closure of four oil export terminals in Libya due to a weekend storm provided additional support to oil prices. Hence, Brent crude rose by 1.6% to end at $92.06 a barrel. Meanwhile, U.S. WTI crude gained 1.8% to end at $88.84 a barrel.
read more... 13/09/2023