On Thursday, oil prices were rather stable following a significant decline the previous day. The market anticipation grew regarding the likelihood of the United States replenishing its strategic crude reserves due to these reduced-price levels. Hence, Brent crude edged 0.3% up at $83.67 per barrel, while WTI crude was rather stable to bearish at $78.95 per barrel.
read more... 03/05/2024
Oil prices experienced a significant decline on Wednesday due to various signs indicating subdued demand, especially with the upcoming US travel season. Consequently, Brent crude tumbled by 5% to settle at $83.44 per barrel, and WTI crude dropped by 3.6% to close at $79 per barrel.
read more... 02/05/2024
The European Commission announced on Tuesday (30 April) the winners of its first auction to allocate subsidies for hydrogen production, with most of the €720 million awarded going to projects in the Iberian peninsula.
read more... 02/05/2024
Oil prices declined on Monday, influenced by easing geopolitical tensions amid renewed optimism for a ceasefire in the Gaza Strip, potentially tied to potential hostage releases. Hence, Brent crude decreased by 1%, reaching $88.4 per barrel, and WTI crude similarly dropped by 1%, to settle at $82.63 per barrel.
read more... 30/04/2024
The European Parliament approved on Thursday a new law designed to ensure the bloc produces 40% of its renewable energy, fuel cell and other green technology needs within its borders, and to help Europe's industry compete with U.S. and Chinese rivals. EU lawmakers voted by 361 to 121 against, with 45 abstentions, for the Net Zero Industry Act.
read more... 26/04/2024