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Daily (04.09.2023): Oil prices surged to their highest levels since the beginning of the year, driven by a rebound in global demand and a tighter supply
On Friday, oil prices surged to their highest levels since January, driven by a rebound in global demand and tighter supply conditions. As a result, Brent crude climbed by about 2% to settle at $88.55 a barrel, while WTI crude soared by 2.3% at $85.55 a barrel.
read more... 04/09/2023
Germany, Italy highlight growing European nuclear divide
Germany’s place as the leader of Europe’s anti-nuclear lobby has been further solidified as Chancellor Olaf Sholz doubled down on his view that nuclear has no place in the country’s energy mix, while Italy has vowed to speed up its integration of nuclear energy in a bid to cut costs, save the economy, and power the Green Transition.
read more... 04/09/2023
Eni, Snam set ambitions for Italy's first carbon storage hub
Carbon capture and storage (CCS) technology is key to ensuring the survival and the competitiveness in Italy of industries including steel, cement and chemicals, energy group Eni and gas grid operator Snam said on Friday.
read more... 04/09/2023
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Slovenia close to signing gas pipeline deal with Hungary
Slovenia and Hungary are expected to sign a memorandum on constructing a pipeline linking their natural gas networks in October, less than a year after the proposed project was first made public by the countries’ prime ministers.
read more... 04/09/2023
Daily (01.09.2023): Gas prices retreated on Thursday as the impact of Australia's strikes was assessed as minimal
On Thursday, crude oil prices added ground, rising for a third month in a row on expectations that cuts by OPEC+ would continue through the end of 2023. Hence, Brent crude rose by 1.1% to $86.86 a barrel, while WTI crude increased by 2.5% to $86.63 a barrel.
read more... 01/09/2023