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Daily (20.06.2022): Oil prices fell to a four-week low on Friday amid growing fears of economic downturn
Crude oil prices fell to a four-week low on Friday, as central banks in the US, UK and Switzerland raised interest rates to combat hiking inflation, sparking fears of a global economic recession. Hence, Brent crude dropped by 5.6%, to settle at $113.12 a barrel on Friday. U.S. WTI crude slumped by 6.8%, to settle at $109.56 a barrel.
read more... 20/06/2022
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Switzerland Risks Power Shortages Next Winter
Switzerland’s power supply remains uncertain for next winter and troubles with enough electricity capacity cannot be ruled out, the Swiss Federal Electricity Commission, Elcom, said in its annual news conference this week.
read more... 06/06/2022
Swiss power demand rises 4.3% in 2021 amid recovery
Switzerland’s net power demand rose 4.3% on the year to 58.1 TWh in 2021 due to its economic recovery after the previous year’s coronavirus lockdown, said the country’s energy ministry on Thursday.
read more... 15/04/2022
Swiss plan hydropower reserves, back-up plants to ensure lights stay on
Switzerland plans new hydropower reserves and two or three back-up power plants after officials warned the country would be without power for nearly two days in a worst-case scenario if it does not strike an electricity deal with the EU.
read more... 18/02/2022
Large seismic campaign kicking off in Geneva, Switzerland
The State of Geneva and the Industrial Services of Geneva (SIG) have announced that they will conduct a prospecting campaign for the Geneva subsoil from September 13, 2021 for a period of approximately six weeks. This 3D geophysical measurement campaign will make it possible to precisely map the subsoil of the Geneva basin in order to locate the most favorable places for the exploitation of geothermal energy.
read more... 02/09/2021