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Daily (04.01.2024): Oil prices surged by over 3% on Wednesday amid supply disruption concerns
On Wednesday, oil prices saw an increase of over 3%, driven by the shutdown of a significant oil field in Libya due to protests. This occurred against the backdrop of tensions in the Red Sea that raised concerns about potential supply disruptions. As a result, Brent crude settled at $78.25, while WTI crude closed at $72.70 per barrel.
read more... 04/01/2024
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OPEC’s Influence on Oil Prices To Remain Significant In 2024
At their latest meeting in early December, the Organization of Petroleum Exporting Countries and its partners, led by Russia, agreed to reduce their combined production of crude oil to some 2.2 million barrels daily.
read more... 02/01/2024
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Global coal demand to decline by 2026
Global coal demand is anticipated to undergo a significant shift in the coming years, according to the latest International Energy Agency (IEA) annual coal market report.
read more... 15/12/2023
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Poland's lawmakers vote in favour of energy bill in early test of green shift
Poland's parliament on Wednesday voted in favour of an amended bill to freeze energy prices put forward by Donald Tusk's newly-formed coalition as it seeks to tackle an early challenge to its policies to introduce greener energy and replace coal.
read more... 07/12/2023
France's clean power clout to be tested again this winter
France's power sector is under fresh scrutiny as maintenance on several of the country's critical nuclear reactors continues just as Europe braces for another winter, when regional heating demand typically peaks.
read more... 09/11/2023