Latest news
Daily (12.04.2023): A bullish energy complex on Tuesday after Easter Holidays
Crude oil prices increased on Tuesday, boosted by an unexpected build in US inventories. Demand optimism and last week's announced OPEC+ cuts counterbalanced ongoing worries about economic slowdown in the West. Hence, Brent crude soared by 1.7% to settle at $85.61 a barrel. WTI crude ended 2.2% higher at $81.53 a barrel.
read more... 12/04/2023
Hyundai Motor Group to invest $18 bln in South Korean EV industry by 2030
Hyundai Motor Group said on Tuesday it planned to invest 24 trillion won ($18.14 billion) in South Korea's electric vehicle (EV) industry through 2030, bolstering its presence in a segment that is set to dominate long-term global automotive demand.
read more... 12/04/2023
Brussels eyes grid flexibility to reduce reliance on pricey fossil fuels
The European Commission is proposing new measures to help the EU power grid adapt to changes in demand, aiming to reduce reliance on pricey fossil fuels and enable more renewables to come online.
read more... 06/04/2023
Daily (05.04.2023): Spot electricity prices in Europe gained ground on Tuesday due to declining wind power output
Oil prices ended Tuesday’s session rather flat to bullish, failing to capitalize further on surprise output cuts by several members of the OPEC+ alliance, with the market more concerned about demand than supply. As a result, Brent crude ended at $84.94 a barrel, while WTI crude edged around 0.4% higher to settle at $80.71.
read more... 05/04/2023
Daily (30.03.2023): Oil prices retreated on Wednesday, dampened by profit taking and refinery shutdowns in France, despite a sharp rise in US demand
Oil prices retreated on Wednesday, dampened by profit taking and refinery shutdowns in France, which more than offset the weekly report from the U.S. Energy Information Agency (EIA) that commercial crude inventories shrank by 7.5 million barrels. Thus, Brent crude fell by 0.5% to $78.28 a barrel, while WTI crude edged 0.3% down at $72.97.
read more... 30/03/2023