On Wednesday, oil prices rose despite worries about oversupply dampening investor sentiment. Heightened tensions in the Middle East and ongoing attacks on commercial ships in the Red Sea provided support to oil prices. Ahead of the publication of weekly US crude oil inventories, Brent crude settled at $83.03 a barrel, and WTI crude stood at $77.91 a barrel, both contracts increasing by about 1% day-on-day.
read more... 22/02/2024
Energy UK‘s latest analysis has emphasised the critical need for a substantial rise in offshore wind capacity during the next two Contracts for Difference (CfD) auctions.
read more... 22/02/2024
On Tuesday, oil prices fell due to concerns over a recession and weaker demand. Brent crude dropped by 1.5% to $82.34, while WTI Crude decreased by approximately 2% to $77.04, despite potential supply disruptions caused by the ongoing political conflict in the Middle East.
read more... 21/02/2024
Oil prices were mixed on Monday. Brent crude edged 0.1% higher at $83.56, amid ongoing geopolitical tensions that continue to impact the market. Meanwhile, WTI Crude declined by about 1% to $78.47, amid signs of weaker demand.
read more... 20/02/2024
European Union legislators reached a political agreement in the early hours of Tuesday (20 February) on a proposal to set up the world’s first registry for certified carbon dioxide removals obtained from eco-farming practices and industrial processes.
read more... 20/02/2024