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Daily (05.04.2024): Oil prices hit their highest level since October on Thursday amid escalated geopolitical tensions and supply constraints
Oil prices surged on Thursday, reaching their highest level since October amid heightened geopolitical tensions in Ukraine and the Middle East, as well as continuously tighter supply. As a result, Brent crude closed at $90.65 a barrel, while WTI crude reached $86.59 a barrel, with both contracts climbing by 1.4% day-on-day.
read more... 05/04/2024
Germany To Replace Nuclear With Natural Gas Plants for $16B
Last April, Germany shut down its last three nuclear power stations, marking the end of the country’s atomic age. The controversial decision came at a time when Europe and the German public was beginning to warm up to nuclear energy in the wake of the continent's energy crisis following Russia’s invasion of Ukraine.
read more... 12/02/2024
EU extends bans on Russian crude oil, coal
The EU has extended its bans on Russian coal and seaborne crude oil imports by six months until 31 July as Russia’s war on Ukraine continues, it said on Monday.
read more... 30/01/2024
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Ukraine, Moldova, Slovakia join ‘Vertical Corridor’ European gas transportation scheme
Ukraine, Moldova and Slovakia on Friday (19 January) joined an initiative for a planned corridor to carry natural gas between Greece and countries to its north as Europe steps up efforts to diversify supply and boost energy security.
read more... 22/01/2024
EU extends state aid scheme for companies hit by rising energy prices
The European Commission on Monday (20 November) extended by six months to June 2024 a scheme enabling EU countries to help companies hit by energy price spikes caused by Russia’s war on Ukraine.
read more... 21/11/2023