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Daily (15.08.2023): European carbon prices reached a two-week high on Monday amid forecasts of a heatwave and dropping renewables generation
Oil prices saw a decline on Monday due to economic concerns surrounding China, the biggest consumer of crude oil. The focus shifted to China's struggles in achieving post-pandemic economic recovery, outweighing the impact of the tightening global oil supply. As a result, Brent crude fell by 0.7% to $86.21 a barrel, while WTI crude dropped by 0.8% to settle at $82.51 a barrel.
read more... 15/08/2023
Is nuclear power set for a European renaissance?
Nuclear power is making a comeback on the EU energy scene after an eventful 2022-2023 year, which according to Paris, reflects an “excellent diplomatic record” for France in defending atomic energy
read more... 15/08/2023
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Norway to avoid power supply deficit next 5 years
A slowdown in electricity consumption growth means Norway is likely to maintain a surplus in power supply in the next five years, albeit one that narrows from 20 TWh this year to 4 TWh in 2028, energy agency NVE said on Monday.
read more... 15/08/2023
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IEA forecasts slower global oil demand growth in 2024
World oil demand growth will slow next year compared with this year when a record 102.2m bbl/day of crude oil will be consumed, the International Energy Agency said on Friday.
read more... 15/08/2023
Daily (14.08.2023): Oil prices climbed on Friday amid IEA's forecasts of record global demand in 2023
Oil prices rose for the seventh week in a row on Friday, driven by recent projections from the International Energy Agency (IEA) regarding global oil demand growth in 2023. The IEA's monthly report indicates that demand is set to reach a historic high of 102.2 million barrels per day, making it the highest level ever recorded. Consequently, Brent crude increased by 0.5% to $86.81 a barrel, while WTI crude advanced by 0.4% to settle at $83.19 a barrel.
read more... 14/08/2023