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Daily (28.08.2023): Supply concerns and stronger dollar pushed oil prices higher on Friday, despite gloomy global economic outlook
Oil prices edged up on Friday as supply concerns and a stronger dollar outweighed the worsening global economic outlook. Thus, Brent crude rose by 1.3% to settle at $84.48 a barrel, while WTI crude gained about 1% at $79.83 a barrel.
read more... 28/08/2023
UK energy bills to fall after Ofgem lowers price cap by 7%
Millions of British households will have cheaper energy bills from October after British energy markets regulator Ofgem cut its price cap again to reflect a further fall in wholesale power and gas prices.
read more... 28/08/2023
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Amprion begins planning 8GW offshore power link in Germany
The Windader West energy corridor will include four offshore connections, each with a power transmitting capacity of 2GW.
read more... 28/08/2023
Nuclear alone not enough for carbon neutrality
If France is to achieve carbon neutrality by 2050, it must integrate renewables into its energy mix, according to the head of the country’s energy regulator, RTE, who believes nuclear power alone will not be enough.
read more... 28/08/2023
Daily (25.08.2023): Gas and power prices are strongly bearish following positive news from Australia
Crude oil prices closed slightly higher on Thursday as gasoil stocks in Europe are declining. Hence, Brent crude and WTI crude edged 0.2% higher, at $83.36 a barrel and $79.05 a barrel, respectively.
read more... 25/08/2023