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Daily (08.08.2023): Germany recorded seven hours of negative power with a low of -9.99 EUR /MWh amid elevated wind output
Crude oil prices fell on Monday as a result of reduced demand for gasoline in the US, following the end of the summer driving season. Furthermore, the expansion of Chinese strategic oil reserves added downward pressure on prices. Thus, Brent crude dropped by 1.1% to end at $85.34 a barrel. Meanwhile, U.S. WTI crude declined by over 1% to settle at $81.94 a barrel.
read more... 08/08/2023
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New Zealand is partnering with BlackRock in aim to reach 100% renewable electricity
New Zealand's government said Tuesday it will partner with U.S. investment giant BlackRock in its aim to become one of the first nations in the world to have its electricity grid run entirely from renewable energy.
read more... 08/08/2023
US scientists repeat fusion ignition breakthrough for 2nd time
U.S. scientists have achieved net energy gain in a fusion reaction for the second time since December, the Lawrence Livermore National Laboratory said on Sunday.
read more... 07/08/2023
Daily (03.08.2023): Oil prices fell on Wednesday, due to a lack of risk appetite in the face of US interest rate hikes
Oil prices fell on Wednesday despite a sharp drop in U.S. crude inventories, driven by a lack of risk appetite in the face of rising interest rates after Fitch downgraded the U.S. debt rating. Thus, WTI crude dropped by 2.3% at $79.49 a barrel, while Brent crude decreased by 2% to settle at $82.20 a barrel.
read more... 03/08/2023
Daily (25.07.2023): Oil prices climbed by over 2% on Monday to levels not seen since April
Crude oil prices gained ground on Monday following hopes for new stimulus measures in China and OPEC's production cuts. Additionally, rising demand of US gasoline bolstered prices. Thus, Brent crude rose by 2.1% to end at $82.74 a barrel. Meanwhile, U.S. WTI crude increased by over 2% as well, to settle at $78.74 a barrel.
read more... 25/07/2023