Crude oil prices retreated on Friday immediately after the United States ruled out restocking the Strategic Petroleum Reserve (SPR), while fears of banking contagion resurfaced. Hence, Brent crude decreased by 1.2% to settle at $74.99 a barrel. Meanwhile, U.S. WTI crude settled 1% lower at $69.26 a barrel.
read more... 27/03/2023
The European Commission presented the centrepieces of a strategy on Thursday to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition.
read more... 17/03/2023
Britain's National Grid called on reserve coal-power units for the first time to provide electricity during a period of expected tight supplies on Tuesday as a cold snap sweeps the country.
read more... 08/03/2023
Oil prices had a bullish evolution on Thursday amid optimism about Chinese demand and reduced concerns about a potential economic downturn in the United States. Consequently, Brent crude increased by 0.5% to $84.75 a barrel and WTI oil closed 0.6% higher at $78.16 a barrel.
read more... 03/03/2023
Oil prices fell on Tuesday after the United States announced that it will be reducing its strategic crude reserves, resulting in a large influx of oil onto the market despite weak demand. Thus, Brent crude oil decreased by 1%, settling at $85.58 a barrel.
read more... 15/02/2023