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Daily (28.02.2024): Oil prices extended gains on Tuesday amid rising tensions in the Middle East
On Tuesday, oil prices saw a notable rise amid rising tensions in the Middle East and tightening supplies. The suspension of some Russian gasoline exports also lent support to prices. Consequently, Brent crude oil price increased by 1.4% to $83.65 a barrel, while WTI Crude gained 2% to settle at $78.87 a barrel.
read more... 28/02/2024
Daily (29.01.2024): Oil and gas prices rose on Friday amid concerns over escalating tensions in the Middle East
Oil prices closed higher on Friday following an attack on a British tanker by Yemeni Houthi rebels, reigniting concerns about potential disruptions to Middle Eastern oil supplies. Consequently, Brent crude settled 1.4% higher at $83.55, while WTI crude ended at $78.01 per barrel, marking around a 1% daily gain.
read more... 29/01/2024
Daily (10.01.2024): Crude oil prices rebounded by over 2% on Tuesday amid ongoing turmoil in the Middle East
Oil prices rebounded by 2% on Tuesday after a significant drop the previous day. The market's attention was focused on concerns over global crude supplies due to the shutdown of a major Libyan field and tensions in the Red Sea. Thus, Brent crude stood at $77.59, while WTI crude settled at $72.24 per barrel.
read more... 10/01/2024
Europe's wind power goal hits new snag: security
As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene conceals a billion-dollar security headache.
read more... 27/10/2023
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EU to end winter with enough gas even without Russia
The EU is on track to end winter with sufficient gas, even if Russia halts supplies, although such a scenario – combined with cold weather – would erode stocks to around 20% of capacity, said think tank Bruegel.
read more... 12/10/2023