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Daily (19.09.2023): Brent crude price rally continued in full force on Monday, hovering near $95 per barrel
On Monday, crude oil prices gained ground the third consecutive day, hitting the highest level this year amid limited supply and increased demand anticipated in the fourth quarter due to extended production cuts by Saudi Arabia and Russia. China's recent economic stimulus efforts, aimed to revitalize the economy, further bolstered oil prices. Hence, Brent crude edged 0.5% higher at $94.43 a barrel. Meanwhile, U.S. WTI crude gained 0.8% to end at $91.48 a barrel.
read more... 19/09/2023
EU reticent to postpone Brexit tariffs on EVs
The European Union is reticent about agreeing to Britain's plea to postpone looming tariffs on the sale of electric vehicles (EVs) but carmakers remain optimistic a delay can be agreed, Britain's auto industry body said on Monday.
read more... 19/09/2023
Germany likely to pass 50% mark for renewable power this year
Germany is likely to generate more than 50% of its power from renewable energy this year but needs to ramp up the speed of its transition towards the end of the decade, Economy Minister Robert Habeck said on Monday.
read more... 19/09/2023
New UK scheme promises to slash energy bills for thousands
The Great British Insulation Scheme is set to provide more than 300,000 homes with the potential to save an average of £400 per year on their energy bills
read more... 19/09/2023
Daily (18.09.2023): British gas prices rose on Friday amid Australian LNG disruptions and extended Norwegian outages
Oil prices extended their gains on Friday, as supply shortages continued to boost prices, while indicators provided favourable news on demand in China and the United States. As a result, Brent crude edged 0.2% up at $93.93 a barrel, while WTI crude advanced by 0.7% to $90.77 a barrel.
read more... 18/09/2023