Latest news
Netherlands increases subsidies for green hydrogen production
The Dutch government on Friday said it will increase subsidies for the production of hydrogen from renewable sources of energy, known as 'green hydrogen', by 1 billion euros ($1.1 billion) next year and another 3.9 billion euros in the years after.
read more... 26/06/2023
Daily (23.06.2023): Oil prices fell by 4% on Thursday amid concerns over demand
Crude oil prices tumbled amid increased concerns over oil demand following Bank of England’s decision to hike interest rates to 5%. Despite lower US oil supplies, Brent crude and WTI crude decreased by about 4% to settle at $74.14 a barrel and $69.58 a barrel, respectively.
read more... 23/06/2023
Daily (20.06.2023): European long-term power and gas prices have stabilised on Monday
On Monday, crude oil prices slipped amid increased concerns about oil demand following China's decision to reduce its benchmark lending rate. Hence, Brent crude and WTI crude decreased by 0.7% to settle at $79.09 a barrel and $71.31 a barrel, respectively.
read more... 20/06/2023
Daily (19.06.2023): Crude oil prices extended gains on Friday amid stronger demand from China
Crude oil prices extended gains on Friday amid stronger demand from China. Ahead of a long weekend in the US, WTI crude traded 1.6% higher at $71.78 a barrel. Brent crude increased by 1.2% to settle at $76.61 a barrel.
read more... 19/06/2023
Daily (16.06.2023): Crude oil prices soared on Thursday, against a backdrop of a weaker dollar following a rate hike by the ECB
Crude oil prices soared on Thursday, against a backdrop of a weaker dollar following a rate hike by the European Central Bank and a standstill by the Fed. Hence, Brent crude increased by 3.4% to settle at $75.67 a barrel. At the same time, WTI crude traded 3.4% higher at $70.62 a barrel.
read more... 16/06/2023