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Daily (24.05.2023): Crude oil prices rose by 1% on Tuesday amid concerns over tightening supply
Crude oil prices extended gains on Tuesday amid expected weak gasoline market and after Saudi energy minister warned about increased prospect of further OPEC+ outputs cuts. Hence, Brent crude ended at $76.84 a barrel, posting an 1.2% rise. Meanwhile, WTI crude rose by 1.2% to close at $72.9 a barrel.
read more... 24/05/2023
Daily (16.05.2023): European Cal24 power prices fell on Monday amid an overall bearish energy complex
Crude oil prices rebounded on Monday as tightening supplies offset concerns over the US economy, including the standoff on the looming debt-ceiling deadline. Hence, Brent crude rose by $1.06, or 1.4% to settle at $75.23 a barrel. U.S. WTI crude settled at $71.11 a barrel, up $1.07, or 1.5%.
read more... 16/05/2023
Daily (13.04.2023): WTI crude ended at its highest level of the year on Wednesday, amid fears of a tightening global supply and slowing U.S. inflation
Oil prices climbed on Wednesday, with WTI crude ending at its highest level of the year, as fears of a tightening global supply and slowing U.S. inflation offset the slight rise in U.S. crude inventories. As a result, Brent crude ended at $87.33 a barrel, while WTI crude settled at $83.26 on Wednesday.
read more... 13/04/2023
Tesla to build Shanghai factory to make Megapack batteries
Tesla Inc is opening a factory in Shanghai, capable of producing ten thousand Megapack energy product per year, to supplement output of Megapack factory in California, the company said in a tweet on Sunday.
read more... 10/04/2023
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Nuclear row threatens EU deal on renewable energy goals
European Union countries are split over whether to allow nuclear energy to contribute to meeting their renewable energy targets, a dispute threatening to delay one of the EU's main climate policies.
read more... 29/03/2023