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Daily (16.10.2024): British gas prices dipped on Tuesday amid easing Middle East tensions
Oil prices fell sharply by over 4% on Tuesday, returning to levels seen before Iran's missile attacks on Israel, as markets questioned the likelihood of significant escalation between the two countries. Brent crude closed at $74.25 per barrel, while WTI crude settled at $70.58 per barrel.
read more... 16/10/2024
Germany earmarks $3 billion for decarbonisation subsidies
The German government has earmarked up to 2.8 billion euros ($3.1 billion) to support 15 industrial companies in their bid to decarbonise under its first round of "climate protection contracts", the economy ministry said on Tuesday.
read more... 16/10/2024
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'Age of electricity' to follow looming fossil fuel peak
The world is on the brink of a new age of electricity with fossil fuel demand set to peak by the end of the decade, meaning surplus oil and gas supplies could drive investment into green energy, the International Energy Agency said on Wednesday.
read more... 16/10/2024
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EU energy ministers discuss Ukraine energy crisis, Russian LNG
EU energy ministers met in Luxembourg on Tuesday to discuss the bloc's rising Russian LNG imports, Ukraine's energy shortages ahead of winter and how to balance energy prices across member states, officials said.
read more... 16/10/2024
Daily (15.10.2024): Oil prices edged down by over 2%, weighed down by disappointing Chinese economic data
Oil prices dropped by over 2% on Monday, pressured by disappointing Chinese economic data and military exercises launched by Beijing around Taiwan. Brent crude closed at $77.46 per barrel, while WTI crude settled at $73.83 per barrel.
read more... 15/10/2024