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Europe's wind power goal hits new snag: security
As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene conceals a billion-dollar security headache.
read more... 27/10/2023
Egypt may stop LNG exports, tightening EU supply
Europe’s gas balance may tighten this winter due to turmoil in the Middle East as Egypt is expected to stop LNG exports amid lower supply from Israel and lower domestic production, experts said this week.
read more... 27/10/2023
Daily (26.10.2023): Oil prices rebounded by about 2% on Wednesday, boosted by the situation in the Middle East and the release of US crude inventories
Oil prices rebounded on Wednesday following several sessions of decline, boosted by news on the situation in the Middle East and the release of US crude inventories. As a result, Brent crude settled 2.3% higher at $90.13 per barrel, while WTI crude ended at $85.39 per barrel, up 2% day-on-day.
read more... 26/10/2023
Daily (25.10.2023): Oil prices continued to decline by over 2% on Tuesday, as weak European data weighs
Crude oil prices extended losses yesterday as worries about a potential economic slowdown in the Eurozone intensified, driven by an unanticipated decrease indicated by the October PMI data. Nonetheless, Middle East tensions restrained the decline. As a result, Brent crude declined by about 2% to end at $88.07 a barrel. Meanwhile, U.S. WTI crude traded 3.4% lower at $83.74 a barrel.
read more... 25/10/2023
Daily (24.10.2023): Oil prices decreased by over 2% on Monday, in response to reports of US diplomatic efforts to reduce tensions in the Middle East
Crude oil prices moved downwards yesterday, as the markets were optimistic that diplomatic efforts could defuse the conflict in the Middle East. Furthermore, persistent global issues, such as elevated debt levels and instability in the property sector, exerted additional pressure on prices. As a result, Brent crude declined by 2.5% to end at $89.83 a barrel. Meanwhile, U.S. WTI crude traded 2.9% lower at $85.49 a barrel.
read more... 24/10/2023