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Daily (13.02.2023): Oil prices increased over 2% on Friday as Russia plans to cut crude output by 500,000 bpd in March
Crude oil prices gained ground on Friday as Russia unveiled plans to cut oil production next month after the West imposed price caps on the country's crude and fuel. Brent crude rose by 2.2% to settle at $86.39 a barrel. U.S. WTI crude added 2.1%, to end at $79.72 a barrel.
read more... 13/02/2023
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Daily (10.02.2023): Strong LNG flows and forecasts for warmer weather weighed on gas prices on Thursday
Oil prices edged lower on Thursday amid rising inventories and fresh concerns over US economic slowdown. Consequently, Brent crude slipped by 0.7% to $84.50 a barrel and WTI oil fell by 0.5% to $78.06 a barrel.
read more... 10/02/2023
EU leaders agree targeted, temporary support for green industry
European Union leaders agreed on Friday they should allow "targeted, temporary and proportionate" support to ensure Europe's future as a manufacturing base for green tech products and counter U.S. and Chinese competition.
read more... 10/02/2023
Total Puts Investment In $50 Billion Hydrogen Project On Hold
French TotalEnergies is putting on hold its plans to take a 25% stake in embattled Adani Group’s $50-billion hydrogen project, pending what it has called “clarity” over recent allegations that have caused Adan’s stock to plunge and even led to anti-government street protests in India.
read more... 10/02/2023
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Serbia to invest 100 mln euro in oil pipeline with Hungary
Serbia plans to invest 100 million euro ($108 million) in the construction of an oil pipeline to Hungary which will help diversify the country's energy sources, the energy ministry said on Thursday.
read more... 10/02/2023