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Daily (28.09.2023): Oil prices hit new highs amid supply constraints and significant inventory drawdown
On Wednesday, oil prices hit new highs, driven by the tightening of global oil supply and a larger-than-anticipated decrease in US crude inventories. As a result, Brent crude soared by 2.8% to settle at $96.55 a barrel, its highest levels in 10 months. Similarly, WTI crude surged by 3.6% to end at $93.68 a barrel, marking its highest level in over a year.
read more... 28/09/2023
New EU carbon tariff: German industry slams bureaucratic burden
Germany’s chemical and car industries are protesting the anticipated bureaucratic strain expected from the phase-in of the EU’s novel carbon border tariff (CBAM), while consultancy Deloitte finds that companies have failed to sufficiently prepare.
read more... 22/08/2023
Daily (31.07.2023): Oil prices extended gains on Friday, driven by supply constraints and a better-than-expected US economy
On Friday, oil prices extended their gains, driven by supply limitations and a stronger-than-anticipated performance of the US economy. Thus, WTI crude ended 0.6% higher at $80.58 a barrel, while Brent crude rose by about 1% to settle at $84.99 a barrel.
read more... 31/07/2023
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EDF’s riverside reactor build plans “irresponsible”
France’s plan to build two riverside reactors is “irresponsible”, given the acceleration of global warming-related water strain, nuclear expert and critic Yves Marignac told Montel.
read more... 10/04/2023
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France at medium risk of power cuts in December
France is at medium risk of facing power cuts from mid-December as this winter’s so far mild temperatures are expected to drop and cause further pressure on the country’s already strained nuclear fleet, French energy regulator RTE said last week.
read more... 23/11/2022