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(Daily 06.07.2022): Oil prices saw their biggest daily drop since March on Tuesday
On Tuesday, oil prices saw their biggest daily drop since March, as lockdowns in China and mounting concerns about a world recession reduced demand. Brent crude fell by 9.5% to settle at $102.77 a barrel, while WTI crude dropped by 9.9% to $99.5 a barrel.
read more... 06/07/2022
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EU Parliament to vote on 'green' gas and nuclear rules
The European Parliament will decide on Wednesday whether to block or accept an EU law labelling investments in gas and nuclear power plants as climate-friendly, which has exposed deep rifts between countries over how to fight climate change.
read more... 06/07/2022
Shell joins Qatar's LNG expansion mega-project
QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies , Exxon , ConocoPhillips and Eni.
read more... 06/07/2022
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Poland looks to ease rules blocking development of onshore wind power
The Polish cabinet adopted legislation easing rules on the development of wind farms, as the country aims to boost its installed capacity and diversify energy supplies.
read more... 06/07/2022
Daily (05.07.2022): British gas prices continued their uptrend on Monday amid reduced flows from Norway
Oil prices recovered on Monday as supply side issues due to weaker OPEC output, unrest in Libya and sanctions on Russia outweighed fears of global recession. Hence, Brent crude increased by 1.7% to settle at $113.50 a barrel. US WTI crude gained 1.8% to end at $110.41 a barrel.
read more... 05/07/2022