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Daily (06.08.2024) : Energy complex dropped on Monday amid global market turbulence
Oil prices continued to fall by around 1% on Monday due to investor concerns over a global equity market sell-off. Consequently, Brent crude closed at $76.30 a barrel, while WTI settled at $72.94 a barrel.
read more... 06/08/2024
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Romania grants 442 mln euro for power network upgrade
Romania's energy ministry said it has provided over 2.2 billion lei ($484.3 million/442 million euro) in non-refundable Modernisation Fund financing to five local power distributors to finance the expansion and modernisation of the electricity distribution network.
read more... 06/08/2024
Sweden, USA agree to nuclear cooperation
Share Sweden and the USA have signed a memorandum of understanding aimed at pursuing cooperation in industrial collaboration, technology development, and research and innovation in technologies related to nuclear energy for peaceful purposes.
read more... 05/08/2024
Ofgem unveils new proposals for UK energy network overhaul
A new consultation outlines Ofgem‘s proposals for a regulatory approval and funding framework for onshore electricity transmission projects recommended by the Electricity System Operator (ESO).
read more... 02/08/2024
Daily (01.08.2024) Energy complex moved upwards on Wednesday, driven by tensions in the Middle East
Oil prices rebounded on Wednesday, driven by escalating tensions in the Middle East following the assassination of Hamas's leader by Israel. As a result, Brent crude rose by 2.7%, closing at $80.72 a barrel. Similarly, WTI crude increased by over 4%, settling at $77.91 a barrel.
read more... 01/08/2024