Oil prices saw an increase on Thursday as market sentiment shifted positively after both the Federal Reserve and the Bank of England chose to halt their interest rate hikes. Consequently, Brent crude climbed by 2.6% to settle at $86.85 a barrel, while WTI crude increased by 2.5% to end at $82.46 a barrel.
read more... 03/11/2023
Oil prices retreated on Wednesday after the release of the weekly US inventory figures and the Fed meeting. The central bank announced an extension of its pause in interest rate hikes. As a result, Brent crude tumbled by 3.2% to settle at $84.63 per barrel, while WTI crude ended at $80.44 per barrel, down about 1% day-on-day.
read more... 02/11/2023
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
The Dogger Bank Wind Farm, set to become the world’s largest offshore wind farm, has achieved a significant milestone by producing its first power.
read more... 10/10/2023
The EU needs to invest heavily in electricity storage, according to the European Commission – an idea supported by Polish electricity company Tauron, which proposes creating a European energy storage bank.
read more... 27/09/2023