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Daily (03.04.2024): Supply concerns and the Middle-East conflict boosted oil prices on Tuesday
Oil prices surged to their highest level in five months on Tuesday amid worries about supply constraints. The surge was fuelled by fears of retaliatory actions from Iran following a fatal strike, attributed to Israel, on an Iranian diplomatic facility in Damascus. Brent crude rose by 2% to $88.92 a barrel, while WTI Crude posted a 2% decrease to $85.15 a barrel.
read more... 03/04/2024
Air Products to build Europe's largest blue hydrogen plant in Netherlands
Air Products and Chemicals said on Monday it will build, own and operate a carbon capture and carbon dioxide (CO2) treatment facility at its existing hydrogen production plant in Rotterdam, Netherlands.
read more... 08/11/2023
JLR opens EV test facility as it gears up for electric cars
JLR said that by testing EVs on site it would minimize the cost of shipping prototype cars around the world.
read more... 25/10/2023
Work on Europe's largest carbon capture site to start in Rotterdam next year
Construction of Europe's largest carbon capture and storage (CCS) facility will begin in the Rotterdam port area next year, its developers said on Wednesday.
read more... 19/10/2023
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