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Britain to grant over 100 new North Sea oil and gas licences
Britain will grant more than 100 new oil and gas licences in the North Sea as part of efforts to tap domestic supplies and become more energy independent, the government said on Monday.
read more... 31/07/2023
Daily (26.07.2023): Oil prices surged to a three-month high on Tuesday, driven by China's new stimulus measures
Oil prices surged for the fourth consecutive session on Tuesday, hitting a three-month peak, driven by indications of reduced oil supplies and reassurance from Chinese authorities about their commitment to strengthen the economy, leading to a positive market sentiment. Thus, WTI crude traded 1.1% higher at $79.63 a barrel, while Brent crude rose by 1% to settle at $83.64 a barrel.
read more... 26/07/2023
Daily (23.06.2023): Oil prices fell by 4% on Thursday amid concerns over demand
Crude oil prices tumbled amid increased concerns over oil demand following Bank of England’s decision to hike interest rates to 5%. Despite lower US oil supplies, Brent crude and WTI crude decreased by about 4% to settle at $74.14 a barrel and $69.58 a barrel, respectively.
read more... 23/06/2023
Daily (23.05.2023): European spot electricity prices rocketed by around 50% on Monday amid expectations of lower wind energy generation
Brent crude increased by 0.5% to $75.99 a barrel on Monday as oil demand is expected to rise in the second half of the year and amid declining supplies from Canada and OPEC+. WTI crude traded 0.7% higher at $72.1 a barrel.
read more... 23/05/2023
Daily (16.05.2023): European Cal24 power prices fell on Monday amid an overall bearish energy complex
Crude oil prices rebounded on Monday as tightening supplies offset concerns over the US economy, including the standoff on the looming debt-ceiling deadline. Hence, Brent crude rose by $1.06, or 1.4% to settle at $75.23 a barrel. U.S. WTI crude settled at $71.11 a barrel, up $1.07, or 1.5%.
read more... 16/05/2023