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Daily (10.07.2023): Oil prices rose by about 3% on Friday as US stocks reached their lowest level since the start of 2023
Oil prices rose on Friday, posting a second straight week of gains as official data showed US stocks had hit their lowest level since the start of 2023. As a result, WTI crude climbed by about 3% to settle at $73.86 a barrel, while Brent crude ended at $78.47 a barrel, posting a 2.6% gain day-on-day.
read more... 10/07/2023
EU proposes Energy Charter Treaty exit after climate concerns
The European Commission proposed on Friday that EU countries jointly quit an international treaty that has been criticised for blocking efforts to fight climate change because its protection of energy investments extends to fossil fuels.
read more... 10/07/2023
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Spain targets EU power market reform by year end
The Spanish EU presidency plans to make power market reform one of its main priorities, with the aim of approving plans before the end of the year, energy ministry sources told Montel on Friday.
read more... 10/07/2023
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UK discusses Wylfa nuclear site sale
The government has confirmed ongoing discussions about the potential sale of the Wylfa nuclear site in response to a report by the Welsh Affairs Committee.
read more... 10/07/2023
Daily (07.07.2023): British gas prices fell on Thursday amid continuing high stock level
Crude oil prices ended rather flat on Thursday as the combined production cuts from Saudi Arabia and Russia were offset by a possible U.S. interest rate hike. Moreover, economic data concerns from Eurozone and China weighed on price. Hence, Brent crude edged 0.2% lower at $76.52 a barrel. Meanwhile, WTI crude almost closed unchanged at $71.80 a barrel.
read more... 07/07/2023