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Daily (24.11.2023): Carbon and gas prices were strongly bullish on Thursday amid colder weather forecasts
Oil prices continued to decline on Thursday, weighed by the postponement of the OPEC+ alliance meeting, fueling rumors of discord between its members and casting doubt on whether Saudi Arabia will maintain its voluntary production cuts. Thus, Brent crude edged 0.7% down at $81.42 per barrel, while WTI crude settled 1% lower at $76.40 per barrel.
read more... 24/11/2023
Britons face higher energy bills after Ofgem raises price cap
Most British households will face higher energy bills from January after regulator Ofgem increased its price cap by 5% to reflect a rise in wholesale energy prices.
read more... 24/11/2023
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France unveils 2030 energy targets, criticised by environmental NGOs
The document that sets out France’s 2030 energy targets and was submitted for public consultation that the Energy Ministry unveiled on Wednesday has insufficient data to judge the actions taken by the public authorities, the Climate Action Network France said on Wednesday.
read more... 24/11/2023
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MEPs fully include nuclear in Net-Zero Industry Act
The European Parliament has adopted its position on the proposed Net-Zero Industry Act (NZIA), which is intended to bolster Europe's manufacturing output in technologies needed for decarbonisation. MEPs included nuclear fission and fusion among a list of 17 technologies covered by the legislation.
read more... 24/11/2023
Daily (23.11.2023): Oil prices fell on Wednesday following the postponement of the OPEC plus alliance meeting
Oil prices fell on Wednesday, after having initially stalled following the postponement of the OPEC+ alliance meeting from Sunday to Thursday November 30, with analysts believing that the postponement was linked to divergence within the alliance. Consequently, Brent crude settled at $81.96 per barrel, while WTI crude ended at $77.10 per barrel, down 1% day-on-day.
read more... 23/11/2023