Latest news
Daily (03.11.2022): The NBP spot price soared amid cooler weather
The Federal Reserve raised interest rates for the fourth time this year on Wednesday, which led to a gain in oil prices despite decreases in other risky assets. Furthermore, U.S. oil stocks dropped as refineries raised production in anticipation of the winter heating season, lending more support to the market. As a result, WTI crude ended 1.8% higher at $90 per barrel, while Brent crude settled at $96.16 per barrel, up 1.6%.
read more... 03/11/2022
Poland's first nuclear power plant to cost $20 billion
US company Westinghouse will build Poland's first nuclear power plant at a cost of approximately $20 billion, Polish Prime Minister Mateusz Morawiecki revealed on Wednesday.
read more... 03/11/2022
Denmark’s €3.4bn scheme to support energy-intensive firms granted EU approval
A €3.4 billion (£2.9bn) scheme to support energy-intensive companies in Denmark in the context of Russia’s war against Ukraine has been granted approval by the European Commission.
read more... 03/11/2022
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French government aims to cut red tape for new nuclear reactors
France has drafted legislation to streamline bureaucracy for administrative permits needed to build new nuclear power plants, as it aims to double down on its nuclear and renewable energy facilities amid a global energy crunch.
read more... 03/11/2022
Daily (02.11.2022): WTI oil price rose following OPEC agreement to cut output by 2 million barrels per day.
Oil prices were volatile on Tuesday, as the market is still processing China's bad economic data. Consequently, Brent crude edged 0.1% lower at $94.65 a barrel. However, WTI oil rose by 2.1% to $88.37 a barrel, following OPEC+ agreement and his allies to cut the output by 2 million barrels per day.
read more... 02/11/2022