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Daily (24.10.2022): Oil prices rose on Friday on expectations of higher Chinese demand
Oil prices rose on Friday as expectations of higher Chinese demand and a falling dollar mitigated fears about a worldwide economic recession and the effect of rising interest rates on consumption. Thus, Brent crude settled 1.2% higher at $93.50 a barrel, WTI crude traded 0.6% higher at $85.05.
read more... 24/10/2022
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Hungary will not agree to EU gas price cap, will need exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if the EU decides on a cap it would have to exempt Hungary, as it did for oil.
read more... 24/10/2022
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EU leaders ask for more detailed work on gas price caps
EU leaders want the European Commission to propose a detailed gas price cap for the TTF hub and to work on a price cap on gas used for power generation, they said on Friday.
read more... 24/10/2022
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Germany wants EU to work with countries on new gas fields
Germany has called for European Union states to work with countries that can develop new gas fields, prompting concern from campaigners over the climate change commitments of Europe's biggest economy as it scrambles to replace Russian gas.
read more... 24/10/2022
Daily (21.10.2022): European power prices rose on Thursday tracking higher gas prices
Oil prices slipped on Thursday, as demand outlook is deteriorating. Consequently, Brent crude ended at $92.38 a barrel, and WTI oil fell by 1.2% to $84.51 a barrel.
read more... 21/10/2022