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Daily (04.08.2023): Crude prices rose by over 2% on Thursday as Saudi Arabia and Russia are keeping supply tight
On Thursday, crude oil prices rose due to measures taken by Saudi Arabia and Russia to ensure a tight supply into September, and potentially further. Hence, Brent crude surged by 2.3% to $85.14 a barrel, while WTI crude increased by about 2.6% to settle at $81.55 a barrel.
read more... 04/08/2023
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Baltic states seek to decouple grid from Russia
Estonia, Lithuania and Latvia are seeking to disconnect from an energy grid network shared with Russia and Belarus by early 2025. Vilnius is pushing from an earlier exit from the grid, which Tallin opposes.
read more... 04/08/2023
Britain boosts latest renewable power subsidy round by 22 million pounds
Britain has increased the amount available in its latest auction round to spur renewable power projects by 22 million pounds ($28 million) taking the total to 227 million pounds, the government said on Thursday.
read more... 04/08/2023
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EU will need gas without speedier green transition
Europe will need to rely on natural gas for at least another decade or more without a speedier transition to low-carbon energy technologies, experts told Montel.
read more... 04/08/2023
Daily (03.08.2023): Oil prices fell on Wednesday, due to a lack of risk appetite in the face of US interest rate hikes
Oil prices fell on Wednesday despite a sharp drop in U.S. crude inventories, driven by a lack of risk appetite in the face of rising interest rates after Fitch downgraded the U.S. debt rating. Thus, WTI crude dropped by 2.3% at $79.49 a barrel, while Brent crude decreased by 2% to settle at $82.20 a barrel.
read more... 03/08/2023