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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 (20.06.2023): European long-term power and gas prices have stabilised on Monday
On Monday, crude oil prices slipped amid increased concerns about oil demand following China's decision to reduce its benchmark lending rate. Hence, Brent crude and WTI crude decreased by 0.7% to settle at $79.09 a barrel and $71.31 a barrel, respectively.
read more... 20/06/2023
Daily (15.06.2023): Oil prices fell on Wednesday amid FED decision, weak macroeconomic data from China
On Wednesday, crude oil prices inched lower as a result of Fed’s decision to leave unchanged interest rate. Furthermore, higher supply from Russia and weak macroeconomic data from China has contributed to the overall downward trend in oil prices. Hence, Brent crude dropped by 1.5% to settle at $73.20 a barrel. Meanwhile, WTI crude traded at $68.27 a barrel, declining by about 1.7% day-on-day.
read more... 15/06/2023
BP sees investment decision on Teesside carbon capture projects in 2024
BP expects to make a final investment decision in 2024 on a cluster of carbon capture projects in northern England, including a gas-fired power plant in Teesside, it said on Tuesday.
read more... 10/05/2023
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Lithuania to decide on withdrawal from Russia-Baltic power treaty by Aug. 6
Lithuania will make a decision on whether to withdraw from a treaty governing the common power grid of Russia, Belarus and the three Baltic States by Aug. 6, based on a review of studies into the potential impact, its energy minister said on Monday.
read more... 25/04/2023