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Daily (24.04.2024): Crude oil prices rose by about 2% on Tuesday amid weaker dollar
On Tuesday, oil prices rebounded as the U.S. dollar index dropped to its lowest point in over a week, with investors redirecting their attention from tensions in the Middle East to the condition of global economies. Brent crude increased by 2% to $88.42 per barrel, while WTI crude also rose by 2%, reaching $83.36 per barrel.
read more... 24/04/2024
IEA sees electric car boom displacing up to 12 million b/d of oil by 2035
The International Energy Agency raised April 23 its estimates for global oil demand displacement from booming sales of electric vehicles citing growing policy impetus in key markets.
read more... 24/04/2024
Enagas to present Spanish hydrogen grid plan as regulatory talks advance
Spain's Enagas expects to present its proposal for a national hydrogen network in the coming days, following confirmation of its inclusion as a European Project of Common Interest, senior management said April 23.
read more... 24/04/2024
Egypt to halt all LNG exports from May to meet domestic needs
Egypt has halted all LNG exports from May onwards to meet is domestic needs, according to local media, in light of reduced gas production and heightened summer demand.
read more... 24/04/2024
Daily (23.04.2024): Energy complex turned bearish on Monday amid abated geopolitical tensions
On Monday, oil prices experienced a minor decrease due to diminishing concerns about a potential escalation between Iran and Israel following a quiet weekend with no significant updates. Brent crude stayed steady at $87 per barrel, whereas WTI crude dropped by over 1% to $81.9 per barrel
read more... 23/04/2024