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Daily (10.10.2023): British gas prices turned bullish on Monday amid supply concerns over potential Australia LNG strikes and tension in the Middle East
On Monday, crude oil prices increased amid rising geopolitical risk in the Middle East. Hence, Brent crude surged by 4.2% to end at $88.15 a barrel. Meanwhile, U.S. WTI crude soared by 4.3% to $86.38 a barrel.
read more... 10/10/2023
EU working on plan to delay tariffs on EV trade with U.K.
The European Union is working on a plan that could delay the introduction of tariffs on electric vehicles shipped between the bloc and the U.K., according to people familiar with the matter.
read more... 10/10/2023
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French gas operators say supplies sufficient for harsh winter
France will have enough gas supplies for the winter even in the event of severe cold weather, operators GRTgaz and Terega said on Monday, in a further indication that Europe's second-biggest economy has managed to diversify its sources from Russia.
read more... 10/10/2023
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World’s largest offshore wind farm powers UK grid for the first time
The Dogger Bank Wind Farm, set to become the world’s largest offshore wind farm, has achieved a significant milestone by producing its first power.
read more... 10/10/2023
Daily (09.10.2023): British gas prices jumped on Friday amid concerns over potential strikes in Australia
Oil prices experienced a 0.6% daily increase on Friday on improved market sentiment, driven by a return of risk appetite among investors. However, gains were capped as concerns about global demand still linger in the background. As a result, Brent crude reached $84.58 per barrel, while WTI crude reached $82.79 per barrel.
read more... 09/10/2023