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Daily (18.07.2024) Partial restart of US Freeport LNG drives gas prices down
Oil prices edged higher on Wednesday, influenced by the lower US crude inventories. Thus, Brent crude gained over 1.6% closing at 85.08$ a barrel. WTI crude increased by just under 2.6% to set at 82.85$ a barrel.
read more... 18/07/2024
EU auditors slam ‘politically driven’ 2030 hydrogen targets
In 2020, the EU adopted one of the world’s first hydrogen strategies. Later, when Russia attacked Ukraine in 2022, the bloc bet on the gaseous fuel to replace gas flows from the Kremlin, setting a target of 10 million tonnes of production and 10 million tonnes of imports by 2030.
read more... 18/07/2024
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EU in “robust” shape to hit 90% winter gas storage aim
Storage levels at the beginning of this month in the bloc stood 16% above the five-year average, it added in its latest quarterly gas market report.
read more... 17/07/2024
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German gas storage hits 85% target 11 weeks early
In comparison, German stocks stood at 83.2% full a year ago.
read more... 16/07/2024
Daily (15.07.2024): British gas prices increased on Friday, spurred by post-storm assessments and stronger demand
Oil prices decreased on Friday, influenced by weak oil demand in China, despite signs of healthy summer demand in the US. As a result, Brent crude decreased by 0.4% to end at $85.03 a barrel, while WTI crude fell by 0.5% setting at $82.21 a barrel.
read more... 15/07/2024