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Daily (03.07.2023): Oil prices climbed on Friday as U.S. oil inventories witnessed a decline
On Friday, crude oil prices increased amid a larger-than-expected drop in US inventories, but economic concerns have limited the rise. Hence, Brent crude rose by 0.8% to settle at $74.90 a barrel. Meanwhile, WTI crude surged by 1.1% to end at $70.64 a barrel.
read more... 03/07/2023
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EU countries eye tighter subsidies in hunt for energy market deal
European Union countries are considering stricter limits on state aid for power plants in an upcoming revamp of Europe's electricity market, after disagreements between Germany and France over the issue sunk a deal last week.
read more... 03/07/2023
UK to tighten emissions trading scheme from 2024
The UK emissions trading scheme (ETS) will be reformed next year to tighten limits on carbon dioxide pollution and expanded in 2026 to include new sectors, the relevant authority said on Monday.
read more... 03/07/2023
EU to propose exit from Energy Charter Treaty over climate concerns
The European Commission is readying a proposal for EU countries to jointly quit an international energy treaty, after some governments already pledged to leave over climate concerns.
read more... 03/07/2023
Daily (30.06.2023) Oil prices continued their upward trend on Thursday amid low U.S. inventories
On Thursday, crude oil prices rose, supported by a larger-than-expected draw in U.S. crude inventories. Hence, Brent and WTI crude increased by about 0.4% to settle at $74.34 and $69.86 a barrel, respectively.
read more... 30/06/2023