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Daily (21.08.2023): Oil prices rose on Friday but lost ground for the week amid concerns over Chinese demand
Oil prices closed slightly higher on Friday but ended the week lower, with the market concerned about demand from China. The rise was mainly attributed to an expected drop in US crude oil inventories. Consequently, Brent crude increased by 0.8% to close at $84.80 a barrel, while WTI crude rose by over 1% to settle at $81.25 a barrel.
read more... 21/08/2023
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Consortium to invest EUR 2bn in solar module production in Germany
Three companies in the German photovoltaic industry are joining forces in a EUR-2-billion (USD 2.18bn) investment initiative to rebuild an integrated value chain for solar module production in Europe's largest economy.
read more... 21/08/2023
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EU surpasses 90% gas storage target ahead of winter
The European Union (EU) has surpassed its gas storage target, achieving a 90.12% capacity well ahead of the scheduled deadline of 1st November.
read more... 21/08/2023
‘Energy bills to stay high despite expected Ofgem price cap decrease’
The anticipated adjustments to Ofgem‘s price cap haven’t alleviated worries about persistently pricey energy bills, warns the End Fuel Poverty Coalition.
read more... 21/08/2023
Daily (18.08.2023): European carbon prices reached a three-week high amid speculative trading, reduced supply in August and positive technical indicators
On Thursday, oil prices experienced a recovery following three consecutive days of losses. The strength of the US economy and demand, along with tensions in the market, counteracted worries about the economic well-being of China. Thus, Brent crude increased by 0.8% to close at $84.12 a barrel, while WTI crude rose by 1.3% to settle at $80.39 a barrel.
read more... 18/08/2023