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Daily (16.06.2023): Crude oil prices soared on Thursday, against a backdrop of a weaker dollar following a rate hike by the ECB
Crude oil prices soared on Thursday, against a backdrop of a weaker dollar following a rate hike by the European Central Bank and a standstill by the Fed. Hence, Brent crude increased by 3.4% to settle at $75.67 a barrel. At the same time, WTI crude traded 3.4% higher at $70.62 a barrel.
read more... 16/06/2023
EU told to slash greenhouse gas emissions 90-95% by 2040
The European Union should commit to slash its net greenhouse gas emissions by as much as 95% by 2040, official advisers said on Thursday, as Brussels prepares a new goal to curb Europe's contribution to climate change.
read more... 16/06/2023
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French nuclear watchdog specifies questions for EDF reactor life extensions
French nuclear operator EDF will have to assess several technical challenges during the review period for a lifespan extension to 60 years for its nuclear fleet, watchdog ASN said in a press release on Wednesday.
read more... 16/06/2023
EU lawmakers approve legislation to make batteries greener
The EU parliament approved on Wednesday new rules to make batteries more durable, more sustainable, and better performing.
read more... 16/06/2023
Daily (15.06.2023): Oil prices fell on Wednesday amid FED decision, weak macroeconomic data from China
On Wednesday, crude oil prices inched lower as a result of Fed’s decision to leave unchanged interest rate. Furthermore, higher supply from Russia and weak macroeconomic data from China has contributed to the overall downward trend in oil prices. Hence, Brent crude dropped by 1.5% to settle at $73.20 a barrel. Meanwhile, WTI crude traded at $68.27 a barrel, declining by about 1.7% day-on-day.
read more... 15/06/2023