Latest news
Daily (29.08.2023): German spot power surged dramatically by about 27% amid ongoing heatwave
Crude oil prices ended rather stable on Monday as markets faced another day of uncertainty over price direction. Despite China's economic stimulus measures, worries about possible additional U.S. interest rate hikes overshadowed the positive impact. Thus, Brent crude ended rather flat at $84.42 a barrel. Meanwhile, U.S. WTI crude edged 0.3% higher at $80.10 a barrel.
read more... 29/08/2023
Chevron's Australia LNG ops could face daily 10-hr stoppages as union fight escalates
Chevron's (CVX.N) two major liquefied natural gas (LNG) production facilities in Australia could face daily work stoppages of up to 10 hours next week after unions on Tuesday threatened labour action in a dispute over pay and conditions.
read more... 29/08/2023
German electricity price fight intensifies ahead of government retreat
The German government coalition is split on whether or not to subsidise electricity prices for energy-intensive industries, such as chemical industries and steel, with Chancellor Scholz’s own Social Democrats party turning against his position.
read more... 29/08/2023
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Slovakia stops relying on Russia for nuclear fuel
A new deal with US firm Westinghouse means that 18 months after Russia invaded Ukraine, Slovakia has diversified its suppliers of crucial energy materials and is now looking to France for another source.
read more... 29/08/2023
Daily (28.08.2023): Supply concerns and stronger dollar pushed oil prices higher on Friday, despite gloomy global economic outlook
Oil prices edged up on Friday as supply concerns and a stronger dollar outweighed the worsening global economic outlook. Thus, Brent crude rose by 1.3% to settle at $84.48 a barrel, while WTI crude gained about 1% at $79.83 a barrel.
read more... 28/08/2023