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Daily (06.12.2023): Oil prices hit 5-month lows on Tuesday as concerns over demand persisted
Oil prices continued to decline on Tuesday, with both Brent and WTI reaching a 5-month low. The market sentiment remains pessimistic about the demand recovery, despite efforts to curb the supply. Thus, Brent crude closed at $77.20 per barrel, while WTI crude stood at $72.32 per barrel.
read more... 06/12/2023
Daily (05.12.2023): The energy complex was bearish on Monday amid milder weather, robust LNG supply
On Monday, oil prices continued to decline for the third consecutive day following OPEC+'s announcement of new production cuts. This reaction adds complexity to the situation for the cartel, which is facing diminishing ammunition. Hence, Brent crude retreated by about 1%, settling at $78.03 per barrel, while WTI crude fell by over 1%, standing at $73.04 per barrel.
read more... 05/12/2023
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German Grid Regulator Plans to Spread Clean Energy Costs Across All Regions
Consumers in Germany’s states with lower clean energy production may end up paying higher grid fees as the regulator plans to spread out evenly among regions the higher costs of adding renewables to the system.
read more... 04/12/2023
EV charging growth plans slowed by EU's power grid problems
Electric vehicle drivers hoping to top up their batteries at one of Repsol's (REP.MC) 1,600 Spanish charging stations might well be disappointed, with nearly half lying dormant because they have no power connection.
read more... 04/12/2023
Daily (01.12.2023): European carbon prices hit 13-month low amid renewed selling
Oil prices closed lower on Thursday despite OPEC+ members announcing additional production cuts. The market responded cautiously to the announcement, as several OPEC and allied nations pledged further reductions to enhance market stability and balance. Consequently, Brent crude edged 0.3% down at $82.83 per barrel, while WTI crude ended over 2% lower to settle slightly below $76 per barrel.
read more... 01/12/2023