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Daily (20.07.2022): The global benchmarks reached a two-week high on Tuesday on fears of supply shortage
The global benchmarks Brent and WTI reached a two-week high on Tuesday in a choppy trading as investors are worried about a shortage of supply and a declining dollar. Thus, Brent crude ended 1% higher at $107.35 a barrel, while WTI rose by 1.6% to settle at $104.22 a barrel.
read more... 20/07/2022
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Serbia to build 1bn m³ gas storage facility in 2023
Serbia plans to build a 1bn m³ gas storage facility in Itebej next year, Serbian minister for mining and energy Zorana Mihajlovic said.
read more... 20/07/2022
Iberdrola opens 1.1GW hydroelectric storage project in Portugal
Spanish energy utility Iberdrola has officially opened the Tâmega Gigabattery hydroelectric storage project in Portugal.
read more... 20/07/2022
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EU efforts insufficient to get through winter without Russian gas
Europe’s efforts to diversify suppliers will not be enough to get it through winter without Russian gas, the head of the International Energy Agency warned Monday (18 July), urging immediate efforts to cut demand.
read more... 20/07/2022
(Daily 19.07.2022): Oil prices rebounded on Monday, influenced by a weaker dollar
Oil prices rebounded on Monday, influenced by a weaker dollar and expectations that the US Federal Reserve will not raise interest rates by a full percentage point to combat inflation. Thus, Brent crude rose by 5% to settle at $106.27 a barrel, while WTI surged by 4.1% to $102.6.
read more... 19/07/2022