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Daily (20.05.2024): Oil prices increased by 1% on Friday, driven by encouraging indicators of growing demand from both China and the US
Oil prices increased on Friday due to indications of rising demand in major consumers, the US and China. China's industrial production surged by 6.7% year-on-year in April, potentially increasing demand. Additionally, severe forest fires in western Canada endangered the oil-producing town of Fort McMurray, which outputs over 2 million barrels daily. As a result, Brent crude rose by 1%, closing just below $84 a barrel, while WTI crude also climbed 1%, hovering around $80 per barrel.
read more... 20/05/2024
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Ireland, UK and Belgium team up for massive energy corridor
Ireland, Belgium and the UK have agreed to strengthen their cooperation on renewable energy and interconnection projects.
read more... 20/05/2024
UK energy prices expected to decline, calls for long term solutions
Cornwall Insight has released its final forecast for the July-September 2024 energy price cap, predicting a 7% decrease from the current cap.
read more... 20/05/2024
Franco-German lawmakers want to revive energy cooperation between the EU powerhouses
The Franco-German parliamentary assembly is set to adopt a declaration advising Paris and Berlin to mend their differences in energy policy and begin moving on hydrogen and geothermal.
read more... 20/05/2024
Daily (17.05.2024): Gas prices recovered on Thursday amid scheduled Norwegian maintenance and reduced LNG arrivals
Oil prices rose on Thursday, bolstered by a decline in U.S. crude inventories and the anticipation of a rebound in gasoline demand in the coming weeks in the United States. Thus, Brent crude rose by 0.6% to settle at $83.27 per barrel. WTI crude traded around 1% higher to close at $79.23 per barrel.
read more... 17/05/2024