Oil prices witnessed a minor decline on Friday in a market filled with uncertainty. This uncertainty stems from various factors, including the ongoing conflict in the Middle East and the looming political crisis in the United States Congress. As a result, Brent crude stabilized at $92.16 per barrel, while WTI crude ended at $88.08 per barrel, down 1.4% day-on-day.
read more... 23/10/2023
Oil prices extended their gains on Friday, as supply shortages continued to boost prices, while indicators provided favourable news on demand in China and the United States. As a result, Brent crude edged 0.2% up at $93.93 a barrel, while WTI crude advanced by 0.7% to $90.77 a barrel.
read more... 18/09/2023
Crude oil prices lost ground on Thursday due to concerns about economic growth in both the United States and China, which overshadowed the impact of extended supply cuts by Saudi Arabia and Russia. Hence, Brent crude traded around 1% lower at $89.92 a barrel. Meanwhile, U.S. WTI crude fell by 0.8% to end at $86.87 a barrel.
read more... 08/09/2023
Unit 1 of the Tricastin nuclear power plant in southern France can operate for a further ten years, the country's nuclear safety regulator, the Autorité de Sûreté Nucléaire (ASN), has decided. It becomes the first French power reactor licensed to operate beyond 40 years.
read more... 16/08/2023
The UK has the opportunity to accelerate the construction of new power lines, effectively tackling the long-standing backlog of renewable energy projects waiting to connect to the electricity grid.
read more... 07/08/2023