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Daily (10.07.2024): Oil prices dropped on Tuesday as storm Beryl caused less damage and Fed chair's remarks eased rate concerns
Oil prices dropped on Tuesday following the passage of Storm Beryl, which caused less damage than anticipated to US oil installations, and after the Federal Reserve chair's patient remarks on the future path of interest rates. As a result, Brent crude ended at $84.66 a barrel, while WTI crude Stood at $81.41 a barrel, both contracts falling by more than 1%.
read more... 10/07/2024
Daily (09.07.2024): European carbon prices posted their biggest decline in three weeks due to speculative trader sell-off
Oil prices lost ground on Monday due to profit-taking and gloomier-than-expected US economic data published last week, raising concerns about the level of demand in the country. Consequently, Brent crude stood at $85.75 a barrel, while WTI crude closed at $82.33 a barrel, both contracts declining by 1%.
read more... 09/07/2024
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Italy emerges as leading European buyer of Azerbaijani gas, strengthening energy partnership
Italy has emerged as the leading European buyer of Azerbaijani gas, marking a notable development evident in quarterly reports since the beginning of 2024.
read more... 09/07/2024
Daily (08.07.2024): European spot electricity prices plummeted amidst rising wind power and weaker demand, while French spot posted negative values
Oil prices fell on Friday, following several sessions of increases, in the absence of any new developments on the oil market and persistent demand concerns. Thus, Brent crude stood at $86.54 a barrel, while WTI crude closed at $83.16 a barrel, with both contracts declining by about 1% day-on-day.
read more... 08/07/2024
Labour wins UK election, pledges net-zero electricity by 2030
The UK Labour Party secured a landslide victory in the country’s general election held on Thursday, ending 14 years of Conservative rule and potentially reshaping the UK’s future energy landscape while hastening decarbonisation.
read more... 08/07/2024