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US crude oil exports hit record high in 2022, EIA data shows
U.S. crude oil exports hit a record high in 2022 as releases from the Strategic Petroleum Reserve (SPR) nearly matched the increase in domestic output to boost U.S. supply to countries looking to replace Russian crude.
read more... 16/03/2023
Daily (15.03.2023): Spot electricity prices in Europe soared on Tuesday, driven by rising demand and falling wind generation
In the wake of further monetary tightening, which triggered turbulence in the U.S. banking sector, oil prices ended sharply lower on Tuesday. Thus, Brent crude fell by 4% to $77.45 a barrel.
read more... 15/03/2023
Daily (13.03.2023): Forward electricity prices increased sharply on Friday amid escalated concerns over the nuclear availability in France
Oil prices rose on Friday on the back of a better-than-expected U.S. employment indicator that suggested less severe than expected monetary tightening. As a result, Brent crude ended 1.5% higher at $82.78 a barrel.
read more... 13/03/2023
EU companies can get as much in EU aid as US subsidies under looser rules
EU businesses can get as much government funding as from a U.S. green energy subsidy package, under looser European Commission rules announced on Thursday aimed at keeping them in Europe.
read more... 13/03/2023
Daily (09.03.2023): Oil prices lost ground on Wednesday on increased concerns over the impact of a U.S rate hike
On Wednesday, although the U.S. Energy Information Agency's (EIA) announced a decline in U.S. commercial crude oil reserves in the week ending March 3, after ten consecutive weeks of increases, oil prices lost ground as concerns grew stronger over the impact of a U.S rate hike. Brent crude edged 0.8% lower, to settle at $82.66 a barrel.
read more... 09/03/2023