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France budgets 500 mln euros annually for green industry tax credit
The French government plans to budget half a billion euros annually for a new tax credit for environmentally-friendly investments as part of a bill presented on Tuesday to green the industrial sector, Finance Minister Bruno Le Maire said.
read more... 17/05/2023
France to offer new tax credit for investments in green technologies
The French government will offer a new tax credit for environmentally-friendly investments and make cash incentives for buying new electric cars conditional on them being made in Europe, President Emmanuel Macron said on Thursday.
read more... 12/05/2023
Daily (11.05.2023): Oil prices retreated on Wednesday amid an unexpected increase in U.S. commercial crude oil reserves
Oil prices retreated on Wednesday on the back of an unexpected increase in U.S. commercial crude oil reserves. The impasse over the U.S. debt ceiling also began to worry markets, further weighing on prices. Thus, Brent crude lost 1.3% to settle at $76.41 a barrel. WTI crude dropped by around 1.6% to $72.56 a barrel.
read more... 11/05/2023
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Daily (09.05.2023): Crude oil prices notched a 2.3% gain amid optimistic US employment data
The price of oil kept going up on Monday, due to a larger-than-anticipated increase in US employment during April. This led to Brent crude finishing at $77.01 per barrel, which represents a rise of 2.3%. WTI crude rose by 2.6% to close at $73.16 per barrel.
read more... 09/05/2023
Daily (03.05.2023): Brent crude fell to the lowest level since March 24
Crude oil prices slumped to their lowest levels since March 24 on increased fears over demand due to poor Chinese economic. Meanwhile, the US Federal Reserve is likely to raise rates by 25 basis points, boosting concerns about economic instability in the United States. Hence, Brent crude plunged by 5% to settle at $75.32 a barrel. WTI crude plummeted by more than 5% to $71.66 a barrel.
read more... 03/05/2023