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Daily (26.01.2024): Oil prices surged to their highest levels since early December on the back of positive economic data from China and the U.S
Oil prices rose to their highest level since early December on Thursday, driven by encouraging economic data from the U.S. and stimulus actions in China. As a result, Brent crude ended at $82.43, while WTI crude closed at $77.36 per barrel, with both contracts jumping by about 3%.
read more... 26/01/2024
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EU electricity prices: Will 2024 mark the end of national tariff shields?
Electricity prices on the EU wholesale market have been on a downward trend in recent months, a development some governments see as an opportunity to remove subsidies introduced in response to the energy crisis, while others see as a bad signal for the energy transition.
read more... 26/01/2024
Daily (25.01.2024): Supply concerns and forecasts of a colder weather drove the energy complex higher on Wednesday
Oil prices rose by about 1% on Wednesday after the announcement of a massive contraction in US inventories amid the storm that hit the United States. Consequently, Brent crude settled at $80.04, while WTI crude settled at $75.09 per barrel.
read more... 25/01/2024
Germany to miss 2024 heat pump target by half
Despite record sales in 2023, Germany’s political target of 500,000 heat pumps for 2024 looks out of reach amid a drastic drop in natural gas prices and a drawn-out political fight over heat pump mandates.
read more... 25/01/2024
Daily (24.01.2024): Forward electricity prices rose by about 1% on Tuesday amid comfortable supply outlook and bearish gas prices
Oil prices edged down on Tuesday, with concerns about the health of demand outweighing possible supply disruptions. As a result, Brent crude ended at $79.55, while WTI crude settled at $74.37 per barrel, both contracts falling by about 0.6%.
read more... 24/01/2024