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Daily (19.01.2024): Oil prices jumped by about 2% on Thursday amid supply tightness fears
On Thursday, oil prices jumped by around 2%, driven by indications of tightening supply and escalating crisis in the Middle East. Market participants noted that an increasing number of ships avoiding the Red Sea were beginning to disrupt flows, adding additional pressure to the market. Thus, Brent crude settled at $79.10, while WTI crude ended at $74.08 per barrel, both contracts marking a 2% daily increase.
read more... 19/01/2024
EU ministers to agree energy measures extension
EU ministers are likely to approve the prolonging of several emergency energy measures, including a gas price cap, by at least a year at a meeting next Tuesday, said a senior diplomatic source on Tuesday.
read more... 13/12/2023
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Germany's budget crisis leaves struggling solar industry in limbo
Germany's budget crisis is threatening planned government support for its domestic solar manufacturers, in what could prove to be the death knell for an industry that was once world-leading but got undercut by cheaper Chinese imports.
read more... 08/12/2023
Slovakia to allocate more funding to avoid rising prices of household energy
The Slovak government will give €1.25 billion to energy aid next year in an effort to prevent a 20% increase in household electricity charges, Slovak Economy Minister Denisa Saková said on Wednesday.
read more... 07/12/2023
Daily (27.10.2023): Oil prices declined by over 2% on Thursday as ECB holds interest rates, dampening global demand outlook
Oil prices declined sharply by over 2 % on Thursday, with the outlook for oil demand being negatively impacted by the European Central Bank's (ECB) decision to keep interest rates unchanged, highlighting vulnerabilities in the global economy. As a result, Brent crude settled at $87.93 per barrel, while WTI crude stood at $83.21 per barrel.
read more... 27/10/2023