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(Daily 13.05.2022): Gas prices have risen on supply concerns after a drop in Russian gas volumes
The Brent crude oil price stayed unchanged at $107.45 per barrel, as consistent Russian oil exports counterbalanced weaker Chinese demand.
read more... 13/05/2022
Audi and Chinese partner win approval for $3.3B EV venture
Volkswagen Group's Audi premium brand and its Chinese state-owned partner FAW Group have received approval from Chinese authorities to start construction on their $3.3 billion electric vehicle joint venture plant, according to a government notice.
read more... 16/02/2022
Spain picks QEV as frontrunner for Nissan's Barcelona plant
Spanish authorities have selected local automotive group QEV Technologies as lead candidate to take over Nissan's main plant in Barcelona after Chinese carmaker Great Wall Motor withdrew its interest, Nissan said.
read more... 03/01/2022
Daily (10.12.2021): British gas prices fell on Thursday amid a rebound in Norwegian flows, mild weather, bearish carbon
Oil prices erased some of this week’s gains on Thursday as England, Denmark, and China imposed new restrictions to curb the spread of Omicron, ruining the demand recovery. Adding to the bearish sentiment, two Chinese real estate companies went through a rating downgrade, indicating China’s deteriorating economic growth. Hence, Brent crude fell by $1.40, or 1.9%, to settle at $74.42 a barrel. U.S. WTI crude declined by $1.42, or 2%, to end at $70.94 a barrel.
read more... 10/12/2021
Daily (22.09.2021): British gas prices retreated on Tuesday amid low demand from power sector, weaker EUAs
Oil prices settled modestly higher on Tuesday, supported by a lower U.S. Dollar Index and expectations for a weekly drop in U.S. crude inventories, a day after a broad selloff attributed to jitters about the impact of a default by Chinese property giant Evergrande. However, the pessimistic growth forecasts from the Organization for Economic Cooperation and Development (OECD) limited the gains. Hence, Brent crude rose by 0.6% to $74.36 a barrel. U.S. WTI crude added 0.3% to end at $70.49 a barrel.
read more... 22/09/2021