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Daily (29.10.2024): Oil prices slumped by 6% on Monday as Israel-Iran strikes were limited to non-oil targets
Oil prices dropped by over 6% on Monday as the market eased upon news that Israel’s strikes on Iran were more limited than expected and did not target Iran’s oil infrastructure. Brent crude closed at $71.42 per barrel, while WTI crude settled at $67.38 per barrel.
read more... 29/10/2024
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Nordic region switches power market model to aid renewables integration
The Nordic power market will on Tuesday switch the method for setting day-ahead prices, aiming to boost grid efficiency, improve renewable energy integration and even out electricity costs across the region, market operators said.
read more... 29/10/2024
Daily (28.10.2024): British gas prices rose on Friday amid concerns over extended Norwegian maintenance
Oil prices climbed by over 2% on Friday due to the ongoing conflict in the Middle East. Brent crude closed at $76.05 per barrel, while WTI crude settled at $71.78 per barrel.
read more... 28/10/2024
Europe struggling to meet offshore wind targets
Europe is falling behind its own ambitious targets for offshore wind power, hindered by rising costs, red tape and inadequate policies, industry leaders and lawmakers said on Thursday as they presented recommendations, to the new European Commission.
read more... 28/10/2024
Cepsa to delay $3.3 bln hydrogen projects if Spain's windfall tax made permanent
Spain's second-largest oil company Cepsa said on Friday it would delay investments worth 3 billion euros ($3.25 billion) in green hydrogen it had planned in the country's south if a temporary windfall tax on energy firms becomes permanent.
read more... 28/10/2024