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Daily (24.01.2023): Prices for energy commodities have stabilised on Monday
Oil prices diverged on Monday. Brent crude rose by around 1%, to settle at $88.19 per barrel due to rising demand from China. However, WTI crude remained rather stable at $81.62 per barrel, amid persistent economic concerns.
read more... 24/01/2023
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Slovenia plans €3.5 billion investment in power distribution system
Slovenia plans to pour €3.5 billion into its power distribution system over the next 10 years to make it withstand the increased demand for electricity it expects will come with the green transition.
read more... 24/01/2023
Daily (23.01.2023): Oil prices increased by over 1% on Friday amid brighter demand outlook in China
Crude oil prices moved upwards on Friday amid the prospects of rising demand in China as the economy in the world’s biggest oil importer gradually bounces back from nearly three years of stringent Covid lockdowns despite increases in infections. Hence, Brent crude increased by $1.47, or 1.7%, to settle at $87.63 a barrel. U.S. WTI crude settled at $81.31 a barrel, gaining 98 cents, or 1.2% day-on-day.
read more... 23/01/2023
Daily (20.01.2023): Oil prices climbed to their highest close since Dec. 1 amid optimism over Chinese economic recovery
Crude oil prices increased to hit their highest levels since December 1, as the bullishness on China reopening and the demand recovery outweighed recessionary fears. Hence, Brent crude rose by $1.18, or 1.4%, to settle at $86.16 per barrel. U.S. WTI crude added 85 cents, or 1.1%, to settle at $80.33 per barrel.
read more... 20/01/2023
Daily (19.01.2023): European carbon prices reached their highest level in two weeks as a result of rising gas and electricity demand
Despite some hopeful predictions for oil consumption, oil prices were trading down on Wednesday as worries about the American recession took control. Investors have become aware that a recession is on the horizon amid US indices suggesting a severe slowdown in consumer spending. As a result, Brent crude oil slipped by $0.94, or 1.09% to settle at $84.98 a barrel. US WTI crude declined by 0.9% to end at $79.48 a barrel.
read more... 19/01/2023