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Daily (02.08.2024) Oil prices fell by about 2% on Thursday after OPEC reaffirmed their commitment to maintaining current output levels
Oil prices declined on Thursday as OPEC and its allies confirmed they would maintain their oil output levels. Consequently, Brent crude fell by 1.5%, closing at $79.52 a barrel, while WTI crude decreased by 2%, settling at $76.31 a barrel.
read more... 02/08/2024
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No threat to oil supply security in Hungary, Slovakia
There seems to be no immediate risk to the security of oil supply to Hungary and Slovakia as sanctions imposed by Ukraine on Russian oil producer Lukoil do not affect the transit of oil via Ukraine to Hungary, the European Commission said on Thursday.
read more... 02/08/2024
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Ofgem unveils new proposals for UK energy network overhaul
A new consultation outlines Ofgem‘s proposals for a regulatory approval and funding framework for onshore electricity transmission projects recommended by the Electricity System Operator (ESO).
read more... 02/08/2024
New Japanese EV alliance emerges between Nissan, Honda, Mitsubishi
Nissan and Honda are forming a new bloc of Japanese automakers focused on next-generation, software-defined vehicles with plans to bring Mitsubishi Motors into a three-way mix that will fight in the global EV race against such rivals as Tesla and entrants from China.
read more... 02/08/2024
Daily (01.08.2024) Energy complex moved upwards on Wednesday, driven by tensions in the Middle East
Oil prices rebounded on Wednesday, driven by escalating tensions in the Middle East following the assassination of Hamas's leader by Israel. As a result, Brent crude rose by 2.7%, closing at $80.72 a barrel. Similarly, WTI crude increased by over 4%, settling at $77.91 a barrel.
read more... 01/08/2024