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China Reinstates Coal Tariffs, Impacting Global Suppliers
China has reinstated tariffs on coal imports from the start of this year in what could be a blow to Russian exporters.
read more... 03/01/2024
Daily (08.12.2023): Gas and power forward prices extended gains on Thursday amid stronger demand and supply concerns due to colder weather
On Thursday, oil prices experienced a minor decline as the bearish sentiment persisted, driven by indications of weakened global demand, particularly from China, the largest oil importer globally. Nevertheless, declining U.S. stocks limited losses. Thus, Brent crude settled at $74.05 per barrel, while WTI crude closed at $69.34 per barrel.
read more... 08/12/2023
Global coalition pledges to triple renewables, double energy efficiency improvements
118 countries – China and India not included – have signed up to a pledge to triple their renewable energy capacity and double their rate of energy efficiency improvements by 2030.
read more... 05/12/2023
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Brussels readies ‘trade instruments’ to protect EU’s struggling wind industry
The European Commission is considering using its “trade instruments” as the EU’s wind industry continues to struggle with fierce competition from China, high raw material prices, rising interest rates, and slow permit-granting processes.
read more... 20/11/2023
Daily (09.11.2023): Brent crude dived below $80 a barrel amid economic worries in China and Europe
On Wednesday, oil prices extended their decline, with Brent crude dropping below $80 a barrel for the first time since July. This drop was mainly driven by concerns about the bleak economic outlook in China and Europe, which heightened worries about global demand for oil. Consequently, Brent crude ended at $79.54 per barrel, while WTI crude stood at $75.33 per barrel.
read more... 09/11/2023