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Daily (26.09.2023): European power spot prices surged amid a sharp decline in wind output
On Monday, crude oil prices remained relatively stable as the decision to prolong production cuts by Saudi Arabia and Russia was offset by predicted U.S. oil record output in September. Hence, Brent crude traded at $93.29 a barrel. Meanwhile, U.S. WTI crude slipped by 0.4% to $89.68 a barrel.
read more... 26/09/2023
France Announces Ambitious Plan To Cut Hydrocarbon Dependence And Emissions
Emmanuel Macron has announced a plan to reduce the dependence of France on oil, gas, and coal and reduce national emissions by 55% from 1990 levels by 2030.
read more... 26/09/2023
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EU energy imports fall in Q2 as Russian supplies cut
European Union energy imports continued their downward trend in the second quarter as members further reduced their reliance on Russian supplies, data from EU statistics agency Eurostat showed on Monday.
read more... 26/09/2023
Nissan says all new models coming to Europe will be ‘100% electric from now’
Nissan Motor Co said on Monday (25 September) all its new European models will be fully electric and it plans to sell only electric vehicles (EVs) on the continent by 2030, joining a growing number of carmakers shifting to electric by the end of the decade.
read more... 26/09/2023
Daily (25.09.2023): Gas prices surged to a one-month high due to Norwegian maintenance and strong LNG demand
Oil prices were rather stable on Friday, marked by high volatility following Russia's suspension of diesel and gasoline exports, and the FED announcing the possibility of another interest rate hike. As a result, Brent crude was traded at $93.27 a barrel, while WTI crude edged 0.5% up to end at $90.03 a barrel.
read more... 25/09/2023