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Daily (23.01.2023): Oil prices increased by over 1% on Friday amid brighter demand outlook in China
Crude oil prices moved upwards on Friday amid the prospects of rising demand in China as the economy in the world’s biggest oil importer gradually bounces back from nearly three years of stringent Covid lockdowns despite increases in infections. Hence, Brent crude increased by $1.47, or 1.7%, to settle at $87.63 a barrel. U.S. WTI crude settled at $81.31 a barrel, gaining 98 cents, or 1.2% day-on-day.
read more... 23/01/2023
Daily (20.01.2023): Oil prices climbed to their highest close since Dec. 1 amid optimism over Chinese economic recovery
Crude oil prices increased to hit their highest levels since December 1, as the bullishness on China reopening and the demand recovery outweighed recessionary fears. Hence, Brent crude rose by $1.18, or 1.4%, to settle at $86.16 per barrel. U.S. WTI crude added 85 cents, or 1.1%, to settle at $80.33 per barrel.
read more... 20/01/2023
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Snam bets on Italy's role in Europe with higher gas investments
Gas grid operator Snam aims to boost Italy's role in the European energy system with new investments, its new CEO said on Thursday when presenting the group's plan to 2026.
read more... 20/01/2023
UK's Crown Estate to lease sites for six offshore wind projects
Britain's Crown Estate will lease sites for six offshore wind projects capable of generating enough green electricity to power more than seven million homes by 2030 under agreements announced on Thursday.
read more... 20/01/2023
Poland's PGNiG cuts gas prices for businesses by over 19%
Small and medium sized Polish companies will pay over 19% less for gas from Wednesday, as wholesaler PGNiG Obrot Detaliczny cut prices for businesses.
read more... 20/01/2023