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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
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Portugal 2030 solar goal not at risk despite project backlog
The Portuguese government recently approved a further 10-month extension for the connection of the around 2 GW of solar capacity awarded in 2019 and 2020 auctions, which should have been connected between the middle of last year and this year, respectively.
read more... 11/03/2024
Inspection failure set to delay vital fuel loading at Flamanville
Delaying the start of fuel loading, which requires French nuclear safety authority ASN authorisation, would almost certainly lead to a delay in starting the 1.6 GW reactor, which is due to go into commercial service by June.
read more... 11/03/2024
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UK unveils landmark electricity market reform
Energy Secretary Claire Coutinho is set to announce reforms in electricity markets, aiming to potentially save households £45 annually and unlock £35 billion in savings over two decades
read more... 11/03/2024
Daily (08.03.2024): Forward gas prices tumbled by over 2% on Thursday amid ample supply and high inventory levels
Oil prices exhibited a stable-to-bearish trend on Thursday due to consistent demand from Asia, despite possible supply disruptions caused by OPEC+ decision and the ongoing political turmoil in the Middle East. As a result, Brent crude remained steady at $82.96, while WTI Crude experienced a slight decrease of approximately 0.3% to settle slightly below $79.
read more... 08/03/2024