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Daily (09.02.2023): British gas prices tumbled on Wednesday amid predictions of warmer temperatures and healthy LNG supplies
Oil prices had a bullish evolution on Wednesday due to expectations that China's increased consumption of crude oil will further tighten the supply-demand balance in the market. Consequently, Brent crude rose by 1.7% to $85.09 a barrel and WTI oil increased by 1.7% to $78.47 a barrel.
read more... 09/02/2023
France in new row with Germany and Spain over nuclear-derived hydrogen
A new row has erupted between France, Germany and Spain over nuclear energy, with Paris furious about a lack of support from Berlin and Madrid for its efforts to have nuclear-derived hydrogen labelled as 'green' in EU legislation, sources said.
read more... 09/02/2023
Draft ETS reforms gain key approval from EU ambassadors
Draft carbon market reforms with more ambitious emission cuts have gained a formal approval from EU ambassadors in a key step towards making them binding, the Swedish EU presidency said on Wednesday.
read more... 09/02/2023
Emergency fund to help Dutch low-income households with energy bills
Low-income households will receive help to pay off part of their increased energy bills, as a special temporary emergency fund that was agreed on last month is set to come into effect.
read more... 09/02/2023
Daily (08.02.2023): European spot electricity prices fell on Tuesday amid strong wind generation.
Oil prices rose for the second consecutive day on Tuesday, partly due to the closure of a Turkish export terminal following the earthquakes that struck Turkey and Syria on Monday. However, the main driver of the increase was expectations of a recovery in Chinese demand. As a result, Brent crude increased by 3% to $83.69 a barrel and WTI oil rose by 4% to $77.14 a barrel.
read more... 08/02/2023