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Daily (18.07.2022): Oil prices rose on Friday due to the lack of an immediate oil extraction growth forecast in Saudi Arabia
Oil rose on Friday after U.S. official said that an immediate Saudi oil output surge was not anticipated. Thus, Brent crude ended 2.1% higher at $101.16 a barrel and WTI rose by 1.9% to settle at $97.59 a barrel.
read more... 18/07/2022
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France mulls seizure of gas plants to secure supply
France plans to take-over the running of gas-fired plants to prevent blackouts this winter amid low nuclear output and fears of Russian gas supply halt, the government said late on Thursday.
read more... 08/07/2022
Daily (05.07.2022): British gas prices continued their uptrend on Monday amid reduced flows from Norway
Oil prices recovered on Monday as supply side issues due to weaker OPEC output, unrest in Libya and sanctions on Russia outweighed fears of global recession. Hence, Brent crude increased by 1.7% to settle at $113.50 a barrel. US WTI crude gained 1.8% to end at $110.41 a barrel.
read more... 05/07/2022
(Daily 01.07.2022): EUAs rose to a new six-week high on Thursday due to persistent steady buying
OPEC+ reiterated that it will only boost output in August by as much as it had previously indicated amid tight global supplies, contributing to a decline in oil prices on Thursday. Thus, Brent crude fell by 1.3% to settle at $114.81 a barrel. WTI crude decreased by 3.7% to $105.76 per barrel.
read more... 01/07/2022
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Finland plans nuclear, hydrogen and green boost
Finland is planning to promote investment in nuclear energy, along with embracing hydrogen and boosting renewables output as part of a new energy and climate strategy, said economy minister Mika Lintila on Wednesday.
read more... 30/06/2022