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Daily (13.03.2024): Oil prices experienced a modest decline on Tuesday due to inflation and OPEC worries
On Tuesday, oil prices saw a slight decrease due to a higher than anticipated US inflation index, coupled with rising concerns over the compliance with OPEC production cap. Brent crude fell by 0.3% at $81.92 a barrel, while WTI crude slipped by 0.4% to $77.56 a barrel.
read more... 13/03/2024
Germany launches green subsidies for industry
Germany on Tuesday launched a bidding process for subsidies to support energy-intensive firms switching to green production in a 4 billion euros ($4.37 billion) funding round, the economy ministry said on Tuesday.
read more... 13/03/2024
Daily (11.03.2024): Oil prices fell by over 1% on Friday as demand concerns outweighed production cuts
Oil prices dropped on Friday amid worries about Chinese demand despite geopolitical tensions and supply cuts. As a result, the Brent crude oil decreased by 1% to settle slightly above $82 a barrel, while WTI crude declined by 1.2% to stand slightly above $78 a barrel.
read more... 11/03/2024
Daily (05.03.2024): Gas and carbon prices extended their gains on Monday amid cold weather forecasts and reduced LNG flows
Oil prices retreated on Monday despite recent production cuts extensions declared by the OPEC+ members, as worries about demand outweighed. Consequently, the Brent crude oil fell by 1% to settle at $82.80 a barrel, while WTI crude tumbled by 1.5% to stand at $78.74 a barrel.
read more... 05/03/2024
Daily (04.03.2024): WTI crude oil surged to $80 on Friday amid production concerns and resumed active purchasing
On Friday, WTI crude oil experienced a significant increase, hovering around $80 for the first time since November. This surge occurred as the market resumed active purchasing amid production concerns in the US and expected supply tightness. Meanwhile, the Brent crude oil ended rather stable to bearish at $83.55 a barrel as demand concerns weighed.
read more... 04/03/2024