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Daily (29.01.2024): Oil and gas prices rose on Friday amid concerns over escalating tensions in the Middle East
Oil prices closed higher on Friday following an attack on a British tanker by Yemeni Houthi rebels, reigniting concerns about potential disruptions to Middle Eastern oil supplies. Consequently, Brent crude settled 1.4% higher at $83.55, while WTI crude ended at $78.01 per barrel, marking around a 1% daily gain.
read more... 29/01/2024
Daily (26.01.2024): Oil prices surged to their highest levels since early December on the back of positive economic data from China and the U.S
Oil prices rose to their highest level since early December on Thursday, driven by encouraging economic data from the U.S. and stimulus actions in China. As a result, Brent crude ended at $82.43, while WTI crude closed at $77.36 per barrel, with both contracts jumping by about 3%.
read more... 26/01/2024
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EU electricity prices: Will 2024 mark the end of national tariff shields?
Electricity prices on the EU wholesale market have been on a downward trend in recent months, a development some governments see as an opportunity to remove subsidies introduced in response to the energy crisis, while others see as a bad signal for the energy transition.
read more... 26/01/2024
EC targets EUR 480m of EU funds for CO2 transport, storage
The European Commission has allocated nearly EUR 480m in EU funding to CO2 transport and storage projects as it seeks to create a “European carbon value chain”, it said on Thursday.
read more... 26/01/2024
Italian gas grid operator Snam to invest 11.5 billion euros by 2027
Italy's Snam, opens new tab will invest 11.5 billion euros ($12.5 billion) by 2027 to expand its infrastructure to support the country's energy transition, 15% more than in its previous business plan, the gas network operator said on Thursday.
read more... 26/01/2024