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Daily (13.02.2023): Oil prices increased over 2% on Friday as Russia plans to cut crude output by 500,000 bpd in March
Crude oil prices gained ground on Friday as Russia unveiled plans to cut oil production next month after the West imposed price caps on the country's crude and fuel. Brent crude rose by 2.2% to settle at $86.39 a barrel. U.S. WTI crude added 2.1%, to end at $79.72 a barrel.
read more... 13/02/2023
Daily (03.02.2023): Oil prices edged down amid economic growth concerns and ECB raise of interest rates
Oil prices had bearish evolution on Thursday amid economic growth concerns and ECB’s raise of interest rates. However, the market is looking for signs of strong fuel demand recovery in China to balance the potential decline in other major economies. Brent crude slipped by 0.8% to 82.17 a barrel and WTI oil edged 0.7% lower at $75.88 a barrel.
read more... 03/02/2023
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EU eyes $100/barrel cap on Russian premium oil products, $45 on discounted
The European Commission is proposing that the EU set a $100 per barrel price cap on premium Russian oil products like diesel and a $45 per barrel cap on discounted products like fuel oil, European Union officials said on Thursday.
read more... 27/01/2023
Denmark's GreenGo to build 4 GW green fuel plant
Danish renewable energy developer GreenGo Energy said on Tuesday that it's cooperating on 60 billion Danish crowns ($8.77 billion) project to develop a green energy park.
read more... 25/01/2023
EU's planned reforms aim to better protect power bills from market swings
European Union proposals to overhaul its electricity market will attempt to better protect consumer energy bills from short-term swings in fossil fuel prices, the European Commission said on Monday.
read more... 25/01/2023