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Daily (26.12.2022): Oil prices rose on Friday amid concerns of decreasing Russian supply
Oil prices were bullish on Friday amid signals of decreasing Russian supply which outweighed concerns for rate hikes in the US and China’s Covid19 uncertainty. Consequently, Brent crude increased by 3.6% to $83.92 a barrel and WTI oil ended 2.6% higher at $79.56 a barrel.
read more... 26/12/2022
Daily (14.12.2022): British near-term gas prices rose on Tuesday due to supply concerns
Oil prices jumped on Tuesday amid supply concerns, including disruption in the US (North America) due to Keystone pipeline closure. Consequently, Brent crude rose by 3.4% to $80.68 a barrel and WTI oil ended 3% higher at $75.39 a barrel.
read more... 14/12/2022
Daily (12.12.2022): Crude oil prices saw their biggest weekly slump in months amid growing recession fears
Crude oil prices ended rather flat on Friday but hit their biggest weekly declines in months as supply issues following weak economic data from China, Europe, and the United States were overshadowed by growing recession fears. Hence, Brent crude steadied at $76.10 a barrel. U.S. WTI crude settled 44 cents lower at $71.02 a barrel, a fresh low for 2022.
read more... 12/12/2022
Energy efficiency rate accelerates amid high prices
COPENHAGEN, Dec 2 - Global progress toward energy efficiency has accelerated this year as a result of high energy prices and disruptions to fuel supply but still not enough to meet climate change targets, the International Energy Agency (IEA) said on Friday.
read more... 02/12/2022
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France facing tight power supply situation in winter
France is gearing up for a "tight" power supply situation but will not necessarily face cuts this winter, the head of French energy regulator RTE said on Thursday.
read more... 01/12/2022