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Daily (29.03.2024): Oil prices climbed by about 2% on Thursday ahead of a long Easter weekendamid geopolitical tensions and supply concerns
On Thursday, oil prices increased ahead of a long weekend during which many markets will be closed. The rise was attributed to concerns about potential supply shortages from various regions around the world due to geopolitical tensions. Consequently, Brent crude rebounded by 1.6% to settle at $87.48 a barrel, while WTI crude stood at $83.17 a barrel, climbing by 2.2% day-on-day.
read more... 29/03/2024
Romania’s pretext for not taking steps to reduce energy consumption slammed
Romania’s justification for not implementing measures to reduce energy consumption in recent years, as other EU countries have done, is not convincing, argues Energia Inteligentă, a Romanian professional energy association.
read more... 29/03/2024
France must not cave to Brussels on renewables
France should continue refusing to include renewable targets in its energy-climate plan, which will be submitted to the European Commission in June, the country’s former energy minister Agnès Pannier-Runacher said this week.
read more... 29/03/2024
Daily (26.03.2024): Carbon prices hit 2-month highs on Monday due to bullish gas prices
On Monday, oil prices ended higher, driven by prospects of reduced Russian crude oil production, following Ukrainian attacks on refineries. Brent crude increased by 2% at $86.75 a barrel, while WTI Crude rose by 2% to $81.95 a barrel.
read more... 26/03/2024
Ofgem unveils proposals for energy price cap overhaul
Ofgem has proposed various options for the future of the price cap, including dynamic rates and targeted caps based on vulnerability
read more... 26/03/2024