Brent crude declined for the fourth straight session on Thursday, influenced by stability in the Middle East and potential actions by the US government to stabilize oil prices. Brent crude closed at $87.11 per barrel, while WTI crude remained unchanged at $82.73 per barrel.
read more... 19/04/2024
Italy plans to become a gas hub for EU neighbours within three years by harnessing energy from North Africa amid the current geopolitical turmoil threatening supply, said energy minister Pichetto Fratin on Tuesday.
read more... 17/04/2024
France’s Ministry of the Economy, Finance, Industrial and Digital Sovereignty has announced measures to simplify the mining procedures related to geothermal energy, CO2 storage, and critical minerals. Among other improvement, the new measures aim to cut the permitting time by half for exclusive research permits related to geothermal projects.
read more... 16/04/2024
On Tuesday, crude oil prices kept declining as investors assessed the possible consequences of a ceasefire agreement between Israel and Hamas. This deal has the potential to conclude the ongoing Gaza conflict, which has persisted for six months. Hence, Brent crude declined by 1% to settle at $89.42 a barrel. Meanwhile, U.S. WTI crude dropped by 1.4% to $85.23 a barrel.
read more... 10/04/2024
On Monday, oil prices retreated after sharp price climbs amid hopes of a de-escalation in the Gaza conflict. Brent crude rose by 1% to $90.38 a barrel, while WTI crude experienced a similar 1% decrease to $86.43 a barrel.
read more... 09/04/2024