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Daily (26.06.2023): Oil prices pursued their downward trend on Friday on worsening economic outlook
Oil prices pursued their downward trend on Friday, ending the week sharply lower, as investors feared that interest rate hikes in both Europe and the United States would depress activity and hence demand for energy. As a result, WTI crude edged lower to settle at $69.16 a barrel, while Brent crude ended at $73.85 a barrel.
read more... 26/06/2023
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France publishes bill to speed up nuclear builds
France has published a bill to speed up the building of nuclear reactors after it was approved by the country's Constitutional Council, its highest constitutinal authority.
read more... 26/06/2023
Netherlands increases subsidies for green hydrogen production
The Dutch government on Friday said it will increase subsidies for the production of hydrogen from renewable sources of energy, known as 'green hydrogen', by 1 billion euros ($1.1 billion) next year and another 3.9 billion euros in the years after.
read more... 26/06/2023
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‘UK abandons proposed law to ban coal power generation’
The government has reportedly scrapped a plan to pass a law to ban coal power generation in Britain.
read more... 26/06/2023
Daily (23.06.2023): Oil prices fell by 4% on Thursday amid concerns over demand
Crude oil prices tumbled amid increased concerns over oil demand following Bank of England’s decision to hike interest rates to 5%. Despite lower US oil supplies, Brent crude and WTI crude decreased by about 4% to settle at $74.14 a barrel and $69.58 a barrel, respectively.
read more... 23/06/2023