EU Commission President Ursula von der Leyen said on Sunday she is determined to counter challenges from U.S. subsidies for green technologies and to speed a currently blocked law on phasing out combustion engines from 2035.
read more... 06/03/2023
Oil prices recovered on Thursday, supported by hopes for a Chinese economic recovery and expected declines in Russian production. Despite a surge in U.S. inventories, Brent crude oil jumped by 2%, to settle at $82.21 per barrel.
read more... 24/02/2023
OPEC and the International Energy Agency both increased their demand forecasts for the year on Wednesday, shaking off the U.S. Energy Information Administration (EIA) report of a large increase in U.S. crude inventories, which resulted in only a slight decline in oil prices. Hence, Brent crude oil edged down at $85.38 a barrel.
read more... 16/02/2023
Crude oil prices were little changed on Monday as traders waited for further details of Russia's planned production cut. Hence, Brent crude rose by 0.3% to settle at $86.61 a barrel. Meanwhile, U.S. WTI crude added 0.5%, to close at $80.14 per barrel.
read more... 14/02/2023
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