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Westinghouse unveils small modular nuclear reactor
U.S. company Westinghouse unveiled plans on Thursday for a small modular reactor to generate virtually emissions-free electricity that could replace coal plants or power water desalinization and other industries.
read more... 05/05/2023
Daily (2.05.2023): Crude prices rose by about 2% on Friday amid stronger U.S. oil demand and lower output
Crude oil prices gained ground on Friday after energy firms posted positive earnings and US data showed crude output was declining, while fuel demand was growing. Hence, Brent crude rose by 1.5% to settle at $79.54 a barrel. Meanwhile, US WTI crude increased by 2.7% to $76.78 a barrel.
read more... 02/05/2023
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Daily (27.04.2023): Oil prices plunged on Wednesday, as the larger-than-expected drop in U.S. inventories failed to offset concerns about the global economy
Oil prices plunged on Wednesday, as the larger-than-expected drop in U.S. inventories and a rebound in demand failed to offset the escalating concerns about the global economy. As a result, Brent and WTI crude plummeted by around 4% day-on-day, to settle at $77.69 and $74.30 a barrel respectively.
read more... 27/04/2023
Daily (25.04.2023): Crude oil prices rose by 1% on Monday amid growing demand in China
Crude oil prices continued to rebound on Monday amid upbeat demand signals from Asia. Bookings made in China for travels overseas for the approaching May Day holiday indicate that travel to Asian nations is still recovering. Hence, Brent crude rose by $1.07, or 1.3%, to settle at $82.73 a barrel. Meanwhile, U.S. WTI crude settled up 89 cents, or 1.1%, to end at $78.76.
read more... 25/04/2023
Daily (18.04.2023): Oil prices were bearish on Monday influenced by a stronger dollar and a possible rate increase by the U.S. Federal Reserve
Oil prices were bearish on Monday influenced by a stronger dollar and a possible rate increase by the U.S. Federal Reserve. Brent crude fell by 1.8% to $84.76 a barrel and WTI crude slumped by 2% to $80.83 a barrel, despite higher global oil demand.
read more... 18/04/2023