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Daily (09.04.2024): Oil prices retreated by 1% on Monday amid talks of a potential Gaza ceasefire
On Monday, oil prices retreated after sharp price climbs amid hopes of a de-escalation in the Gaza conflict. Brent crude rose by 1% to $90.38 a barrel, while WTI crude experienced a similar 1% decrease to $86.43 a barrel.
read more... 09/04/2024
European states sign pledge to protect North Sea infrastructure
Britain and other major European countries with maritime borders on the North Sea on Tuesday signed an agreement to work together to protect underwater infrastructure, including from possible Russian attacks.
read more... 09/04/2024
Austria unveils path to climate neutrality by 2040
Austria’s climate action and energy minister laid out plans on Monday for shifting the country’s energy system from gas to hydrogen as it seeks climate neutrality by 2040.
read more... 09/04/2024
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Europe’s industrialists want deep reform of power market to tackle €800b grid spending gap
The European Union is facing a grid investment gap of €800 billion until 2030, finds a report commissioned by industry lobby group ERT, who call for another power market revamp to help address the issue.
read more... 09/04/2024
Daily (08.04.2024): Middle East conflict provided support to oil prices on Friday
Oil prices extended gains on Friday , amid worries about supply constraints due to the Middle East conflict. Brent crude rose by 1% to $91.17, while WTI Crude edged 0.4% higher at $86.19.
read more... 08/04/2024