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The IEA Expects Global Oil Demand Hit A Record High In 2023
Global oil demand is set to increase by 2 million barrels per day (bpd) this year, pushed up by growth in Chinese consumption after the reopening, the International Energy Agency (IEA) said on Wednesday as it raised its 2023 demand growth estimate by 100,000 bpd from last month’s forecast.
read more... 16/02/2023
Daily (15.02.2023): Oil prices lost ground on Tuesday after the United States announced that it will be reducing its strategic crude reserves
Oil prices fell on Tuesday after the United States announced that it will be reducing its strategic crude reserves, resulting in a large influx of oil onto the market despite weak demand. Thus, Brent crude oil decreased by 1%, settling at $85.58 a barrel.
read more... 15/02/2023
MEPs sign off plan to raise EUR 20bn from EUA sales
The European Parliament approved raising EUR 20bn from EU carbon allowance sales to help fund its REPowerEU plan to cut the bloc’s dependence on Russian gas and oil quickly in a vote on Tuesday.
read more... 15/02/2023
EU approves support for French floater
The European Commission has approved, under EU State aid rules, a French measure to support the first commercial-scale floating offshore wind farm in the country.
read more... 15/02/2023
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Germany’s Scholz woos key gas supplier in Belgium
Belgian Prime minister Alexander De Croo will meet with German Chancellor Olaf Scholz on Tuesday morning in Zeebrugge, the site of a massive LNG terminal, to discuss energy supply.
read more... 15/02/2023