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Daily (04.03.2024): WTI crude oil surged to $80 on Friday amid production concerns and resumed active purchasing
On Friday, WTI crude oil experienced a significant increase, hovering around $80 for the first time since November. This surge occurred as the market resumed active purchasing amid production concerns in the US and expected supply tightness. Meanwhile, the Brent crude oil ended rather stable to bearish at $83.55 a barrel as demand concerns weighed.
read more... 04/03/2024
Belgium to use urgent procedure status for nuclear phase-out law
Belgium's Chamber of Representatives has agreed to give the nuclear phase-out law an urgent procedure status, a spokesperson for Energy Minister Tinne van der Straeten said on Friday, confirming a report from Belga news agency.
read more... 04/03/2024
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UK launches 4.5GW Celtic Sea floating wind lease auction
The UK’s Crown Estate has formally launched the Celtic Sea floating offshore wind leasing round to award leases for 4.5GW of generation capacity.
read more... 04/03/2024
Daily (01.03.2024): European carbon prices plunged by more than 3% on Thursday following weak auction, selling pressure
Oil prices moved sideways on Thursday. Hence, Brent crude ended rather stable to bearish at $83.62 a barrel, as a higher-than-expected increase in US crude inventories put pressure on prices. WTI crude retreated by about 0.4% to end at $78.26 a barrel.
read more... 01/03/2024
British Gas launches fixed tariff £30 below Ofgem cap
British Gas has unveiled its latest Price Promise tariff, priced at £1660 for the average dual fuel household starting from 1st April, marking a £30 reduction below the Ofgem price cap.
read more... 01/03/2024