Several European Parliament members warned against making panicky changes to the EU’s power markets in their first formal debate on Tuesday on the European Commission’s redesign proposals.
read more... 25/05/2023
Crude oil prices extended gains on Tuesday amid expected weak gasoline market and after Saudi energy minister warned about increased prospect of further OPEC+ outputs cuts. Hence, Brent crude ended at $76.84 a barrel, posting an 1.2% rise. Meanwhile, WTI crude rose by 1.2% to close at $72.9 a barrel.
read more... 24/05/2023
Oil prices retreated on Thursday after Wednesday’s surge, as a stronger dollar weighed on prices. Hence, Brent crude declined by 1.4% to settle at $75.86 a barrel, while WTI crude traded 1.3% lower at $71.86 a barrel.
read more... 19/05/2023
The European Parliament’s lead negotiator on the EU’s power market reform has sparked concern by proposing the return of a controversial revenue cap for power generators with cheap production costs, like renewables and nuclear.
read more... 18/05/2023
Oil prices edged lower on Tuesday as a slow recovery in China, a stronger dollar and uncertainty about the global economy weighed on prices. Thus, Brent crude traded 0.4% lower to settle at $74.91 a barrel. WTI crude settled at $70.86 a barrel.
read more... 17/05/2023