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Daily (08.03.2024): Forward gas prices tumbled by over 2% on Thursday amid ample supply and high inventory levels
Oil prices exhibited a stable-to-bearish trend on Thursday due to consistent demand from Asia, despite possible supply disruptions caused by OPEC+ decision and the ongoing political turmoil in the Middle East. As a result, Brent crude remained steady at $82.96, while WTI Crude experienced a slight decrease of approximately 0.3% to settle slightly below $79.
read more... 08/03/2024
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Italy presses ahead with nuclear as energy transition tool after 30-plus-year hiatus
The Italian Chamber of Deputies will launch a major inquiry into how nuclear energy could help Italy reach its energy transition goals, a significant step as the country remains the only G7 nation not operating nuclear power stations, having shut down the last plant over 30 years ago.
read more... 08/03/2024
Daily (07.03.2024): Oil prices rallied on Wednesday amid US demand recovery and Fed rate cut speculations
On Wednesday, oil prices rebounded, driven by increased demand in the United States and statements from the President of the Federal Reserve (Fed) indicating potential interest rate cuts later this year. As a result, the Brent crude oil stood at $82.96 a barrel, while WTI crude settled at $79.13 a barrel.
read more... 07/03/2024
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Germany’s gas tariff puts EU energy solidarity at risk
Germany’s levy on cross-border gas trading puts the EU’s energy solidarity at risk and hurts efforts to cut the bloc’s reliance on Russian gas, the bloc’s energy commissioner and deputy Czech PM told reporters on Monday (4 March) following a meeting of EU energy ministers.
read more... 06/03/2024
EU countries split over support for nuclear energy
European Union member states showed their divisions on nuclear energy policy on Monday, with one camp led by France promoting the technology and another, led by Austria and Germany, pushing to prioritise renewable energy sources instead.
read more... 05/03/2024