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Daily (11.08.2023): Gas prices retreated on Thursday amid hopes that a potential strike at an Australian LNG facility could be averted
Oil prices decreased due to a technical adjustment and concerns about the global economic outlook on Thursday. Recent data revealed that US core inflation increased to 3.2% in the previous month, a slight rise compared to June. The increase triggered speculation about the possibility of the Federal Reserve implementing another interest rate increase. As a result, Brent crude fell by 1.3% to $86.40 a barrel, while WTI crude declined by 1.9% to settle at $82.82 a barrel.
read more... 11/08/2023
Daily (10.08.2023): Gas prices rocketed on Wednesday following potential LNG supply disruptions
Oil prices rallied on Wednesday, with WTI hitting ten-month highs, benefiting from both a weaker dollar and a return of risk appetite, against a backdrop of tighter supply from OPEC+. As a result, Brent crude increased by 1.6% to $87.55 a barrel, while WTI crude rose by about 2% to settle at $84.40 a barrel.
read more... 10/08/2023
Norway approves connection of Western Europe's largest LNG plant to grid
Norway has approved a plan to connect Equinor's Hammerfest liquefied natural gas (LNG) plant to the national power grid in a bid to cut greenhouse gas emissions, despite local opposition, the government said on Tuesday.
read more... 09/08/2023
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EU faces winter gas supply risk on limited LNG growth
Europe still faces risks to its gas supply this winter as the global availability of LNG upon which it depends looks set to expand only modestly this year, commodities consultancy Icis said on Monday.
read more... 26/07/2023
EU strikes gas, hydrogen deal with Argentina
The European Commission has signed a non-binding agreement with Argentina to facilitate a stable supply of liquefied fossil gas (LNG) to Europe in exchange for cooperation on green energy and Buenos Aires reigning in gas leakage.
read more... 19/07/2023