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Daily (15.08.2024): Oil prices eased by over 1% as Middle East tensions subsided amid potential Iranian retaliation delay
Oil prices eased on Wednesday, as Iran is potentially delaying retaliation against Israel pending a Gaza ceasefire. Consequently, Brent crude decreased by just over 1%, to end at $79.76 a barrel, while WTI crude fell by nearly 2%, to settle at $76.98 a barrel.
read more... 15/08/2024
Poland commits almost €5bn loan scheme to fund offshore wind
The Polish Government announced it is launching a near €5bn ($5.46bn) loan programme for offshore wind, financed by the EU’s recovery funds.
read more... 15/08/2024
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Europe's gas surplus has mostly been eliminated
Europe's record gas surplus inherited from the winter of 2023/24 has been largely eliminated following an unusually small accumulation of inventories so far in the summer of 2024.
read more... 15/08/2024
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Norwegian oil companies to further increase oil investments
Norwegian oil and gas investments are expected to hit a record this year and to stay high in 2025, driven by a string of ongoing field developments and cost inflation, a national statistics office (SSB) survey showed on Thursday.
read more... 15/08/2024
Daily (14.08.2024): Oil prices drop by 2% on Tuesday amid concerns over weak US and Chinese crude demand
Oil prices declined by 2% on Tuesday, as concerns over weak US and Chinese crude demand outweighed the impact of rising Middle East tensions. Brent crude closed at $80.69 a barrel, while WTI settled at $78.35 a barrel.
read more... 14/08/2024