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Daily (16.01.2025): EUAs hit a one-year high, driven by fund activity and bullish market sentiment
Oil prices surged on Wednesday, driven by an upward revision in fourth-quarter 2024 demand by the International Energy Agency and continued impact from U.S. sanctions on Russia. Brent crude rose by 2.6%, reaching $82 per barrel, its highest since July 2024. Similarly, WTI crude gained 3.3%, closing slightly higher than $80 a barrel.
read more... 16/01/2025
Daily (15.01.2025): Oil prices eased on Tuesday amid speculative selling and subdued demand from China
Oil prices softened on Tuesday, driven by speculative selling after recent price surges and market uncertainty surrounding the upcoming return of Donald Trump to the White House. Brent crude dropped by 1.4%, settling at $79.92 per barrel. WTI crude declined by 1.7%, closing at $77.50 per barrel.
read more... 15/01/2025
UK's Sizewell C nuclear project cost to rise to near $50 billion
Britain could need as much as 40 billion pounds ($49 billion) for the planned Sizewell C nuclear power plant in southeast England, nearly double the developer EDF's initial estimate, the Financial Times reported on Tuesday.
read more... 15/01/2025
Tesla starts production of refreshed Model Y at Berlin plant
Tesla has started production of its refreshed Model Y for European markets at its factory in Gruenheide near Berlin.
read more... 15/01/2025
Greece Calls On EU for Fast Response to Surging Energy Prices
Greece is urging the EU to move faster to address the high power and natural gas prices in the bloc that undermine its competitiveness alongside burdening households, Greek Prime Minister Kyriakos Mitsotakis wrote in a letter to European Commission President Ursula von der Leyen.
read more... 15/01/2025