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Daily (30.06.2023) Oil prices continued their upward trend on Thursday amid low U.S. inventories
On Thursday, crude oil prices rose, supported by a larger-than-expected draw in U.S. crude inventories. Hence, Brent and WTI crude increased by about 0.4% to settle at $74.34 and $69.86 a barrel, respectively.
read more... 30/06/2023
EU renewable energy law clears first vote after French nuclear assurances
A European Parliament committee on Wednesday backed new EU renewable energy targets, but criticised last-minute changes offering France and other countries possible carve-outs for ammonia plants and greater recognition of nuclear energy.
read more... 30/06/2023
Spain raises bet on green hydrogen, biogas in draft plan
Spain will double its 2030 biogas production target and almost triple its green hydrogen goal as part of a broad upgrade of its energy and climate ambitions, a draft of the government's strategy showed on Wednesday.
read more... 30/06/2023
Norway approves more than $18 billion in oil, gas investments
Norway's government said on Wednesday it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come.
read more... 30/06/2023
Daily (29.06.2023): Oil prices climbed on Wednesday as crude oil inventories in the US witnessed a decrease
On Wednesday, crude oil prices increased amid a larger-than-expected drop in US inventories. Moreover, the price received a boost due to expectations that demand for gasoline will increase in the US during 4th July weekend. Hence, Brent crude rose by 2.5% to settle at $74.03 a barrel. Meanwhile, WTI crude surged by 2.7% to end at $69.56 a barrel.
read more... 29/06/2023