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Daily (01.08.2023): Crude prices extended gains on Monday as demand is likely to increase
On Monday, crude oil prices gained ground, supported by signs of tightening supply. Hence, Brent crude edged 0.7% higher at $85.56 a barrel, while WTI crude increased by about 1.5% to settle at $81.80 a barrel.
read more... 01/08/2023
Italy’s energy groups set to benefit from green EU funds
Eni, Enel and other state-controlled Italian energy groups are due to benefit from a partial transfer of European Union funds to the REPowerEU scheme, credit rating agency DBRS said on Monday (24 July).
read more... 25/07/2023
Daily (19.07.2023): Oil prices rebounded on Tuesday, as the market saw the prospect of an end to US monetary tightening
Oil prices rebounded on Tuesday, as the market saw the prospect of an end to US monetary tightening in the wake of disappointing US indicators, against the backdrop of a slowdown in Russian exports. Consequently, WTI crude advanced by more than 2%, reaching $75.75 per barrel. At the same time, Brent crude also increased by 1.4%, settling at $79.63 per barrel.
read more... 19/07/2023
Daily (26.06.2023): Oil prices pursued their downward trend on Friday on worsening economic outlook
Oil prices pursued their downward trend on Friday, ending the week sharply lower, as investors feared that interest rate hikes in both Europe and the United States would depress activity and hence demand for energy. As a result, WTI crude edged lower to settle at $69.16 a barrel, while Brent crude ended at $73.85 a barrel.
read more... 26/06/2023
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UK Government to backtrack on new coal mine ban
The UK Government will backtrack on plans to include a ban on opening new coal mines in its updated Energy Bill currently moving through Parliament, the BBC reports.
read more... 21/06/2023