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Daily (04.04.2023): The energy complex in a strong bullish mood on Monday
Crude oil prices increased on Monday on expectations that China would take steps to boost economic growth. At the same time, the OPEC+ group's unexpected announcement of additional production cuts lent further support. Thus, both Brent and WTI crude soared by over 6%, to settle at $84.93 and $80.42 a barrel respectively.
read more... 04/04/2023
Mercedes set to invest billions in e-vehicles plants
Mercedes will invest billions of dollars to modernise its plants in China, Germany and Hungary over the coming years, magazine Automobilwoche reported, as the carmaker prepares to switch to electric vehicles and cut emissions.
read more... 20/03/2023
EU announces plans to lead green industrial revolution
The European Commission presented the centrepieces of a strategy on Thursday to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition.
read more... 17/03/2023
Daily (06.03.2023): Oil prices gained ground on Friday amid better-than-expected service sector PMI data from China
Oil prices gained ground as the market once again focused on China, which had another encouraging indicator on Friday, with the PMI in the services sector progressing better than expected in February. As a result, Brent crude oil jumped by 1.3%, to settle at $85.83 per barrel.
read more... 06/03/2023
Daily (02.03.2023): British gas prices gained ground on Wednesday due cold spell forecasts
Oil prices had a bullish evolution on Wednesday following the restart of China’s manufacturing activity. However, macroeconomic concerns rise in US inventories limited gains. Consequently, Brent crude increased by 0.5% to $84.31 a barrel and WTI oil closed 0.8% higher at $77.69 a barrel.
read more... 02/03/2023