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Daily (21.03.2023): British gas prices continued to fall on Monday amid healthy stocks, mild weather
Crude oil prices rebounded after plummeting to their lowest levels in 15 months the previous day. However, fears over further contagion from the banking crisis continued to dominate crude trading. Hence, Brent crude rose by 82 cents, or 1.1%, to settle at $73.79 a barrel. U.S. WTI crude gained 90 cents, or 1.4%, at $67.64 on the eve of the contract's expiry.
read more... 21/03/2023
French strikes continue to block refinery shipments and LNG terminals
Shipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced flow.
read more... 21/03/2023
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EU proposes extending energy crisis measure to curb gas demand
The European Commission on Monday proposed extending for a year an emergency measure to curb gas demand that is set to expire in order to help the continent get through next winter.
read more... 21/03/2023
Newcleo aims to raise $1.1bn to build small nuclear reactors
UK-based energy company Newcleo intends to raise £900m ($1.1bn) to develop a fleet of nuclear reactors, The Times has reported.
read more... 21/03/2023
Daily (20.03.2023): Oil prices plunged by 2.3% on Friday amid the recent US banking turmoil
Crude oil prices declined on Friday, hovering to a near 13-month low driven by the recent US banking turmoil and expected US Fed rate hike. As a result, Brent oil and WTI crude both fell by 2.3% to trade at $72.97 a barrel and $66.74 a barrel, respectively.
read more... 20/03/2023