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Daily (03.04.2024): Supply concerns and the Middle-East conflict boosted oil prices on Tuesday
Oil prices surged to their highest level in five months on Tuesday amid worries about supply constraints. The surge was fuelled by fears of retaliatory actions from Iran following a fatal strike, attributed to Israel, on an Iranian diplomatic facility in Damascus. Brent crude rose by 2% to $88.92 a barrel, while WTI Crude posted a 2% decrease to $85.15 a barrel.
read more... 03/04/2024
EU approves €1 billion to fund Greece's renewable initiatives
The European Union has approved €1 billion in support for two renewable energy production and storage projects in Greece, the EU Commission announced on Tuesday.
read more... 03/04/2024
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Europe Makes It To the Other Side of Winter With Record Levels of Natural Gas
Europe has managed to make it through this winter season with record levels of natural gas in storage, setting it up to head into next winter on solid ground.
read more... 03/04/2024
Daily (02.04.2024) : Strong renewable generation weighed on European electricity spot prices on Monday
Oil prices diverged on Monday, amid geopolitical unrest in the Middle East and an upturn in manufacturing activity in China. Brent crude remained stable to slightly bearish reaching a price of $87.42. At the same time, WTI Crude increased by roughly 1 % to $83.71.
read more... 02/04/2024
New price cap to drive energy bills to two-year low
Britain‘s energy regulator, Ofgem implemented its latest price cap on 1st April – the energy price for a typical household utilising both gas and electricity and paying through direct debit will decrease by £238.
read more... 02/04/2024