Oil prices posted a 2% daily loss on Thursday, weighed down by fears of weakening demand as a result of tight monetary policies. Consequently, Brent crude settled at $84.07 a barrel, while WTI crude closed at $82.31 a barrel.
read more... 06/10/2023
Oil prices plummeted by 5.6% on Wednesday, weighed down by US inventory levels and fears of a slowdown in global demand. Consequently, Brent crude stood at $85.81 a barrel, while WTI crude ended at $85.81 a barrel.
read more... 05/10/2023
There is a risk of blackouts in the UK in January when demand for electricity peaks and nuclear power plants enter scheduled maintenance.
read more... 29/09/2023
Germany on Wednesday halted a subsidy scheme less than 24 hours after it was launched due to strong demand for the payments to install rooftop solar panels, storage and charging points, highlighting questions about the effectiveness of one-off subsidies in the switch to green energy.
read more... 28/09/2023
Crude oil prices continued the slightly but steady rise on Tuesday due to concerns regarding supply-demand crunch. However, macroeconomic fears have limited the upward trend. As a result, Brent crude traded 0.7% higher at $93.96 a barrel. Meanwhile, U.S. WTI crude rose by 0.8% to $90.39 a barrel.
read more... 27/09/2023