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Energy
U.S. crude oil rises above $74 per barrel but posts weekly loss on slowing
The market is focused on demand in China as geopolitical risk in Middle East fades.
Read More: U.S. crude oil rises above $74 per barrel but posts weekly loss on slowing
Solar power takes over ex-army bases
BayWa r.e. has successfully repurposed two former military sites in Central and South-West France into solar energy hubs.Spanning 151 hectares, these developments consist of five solar farms equipped with over 300,000 panels, providing a…
CNBC Daily Open: A ‘crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City.Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC…
Octopus leads in energy customer satisfaction
Consumer satisfaction with UK energy suppliers increased between January and February 2024 compared to the previous survey period from August to September 2023.However, satisfaction levels remain below the peaks recorded in 2020.That’s…
WTI lower as demand weighs on market
U.S. crude oil futures fell nearly 3% on Monday to trade below $75 per barrel, as the U.S. pushes to secure a cease-fire deal to the end the fighting in Gaza and worries about softening demand weighed on the market.U.S. Secretary of…
Consultation open on NESO future energy pathways
Ofgem has opened a consultation to gather feedback on its draft future energy pathways guidance.This guidance is intended for the soon-to-be-established National Energy System Operator (NESO), which will manage Britain’s electricity and…
WTI falls as cease-fire talks continue
U.S. crude oil futures fell more than 1% on Friday amid reports that Qatar told Iran to not attack Israel while Gaza cease-fire talks are ongoing.Qatar's prime minister told Iran's leaders in a phone call after the first day of Gaza…
‘UK businesses rely on carbon credits to hit green targets’
Almost two-thirds of sustainability goals set by large UK businesses are expected to be met through the purchase of carbon credits.On average, these companies plan to spend £20 million each on these credits.Carbon credits allow…
WTI, Brent rebound after two days of losses
U.S. crude oil futures rose more than 1% on Thursday to close above $78 per barrel, rebounding from two days of losses as recession fears ease.Strong retail sales for July and declining jobless claims gave investors renewed confidence in…
Flagship Energy’s Tejal Shah Energy Markets Update – 14th August 2024
European and UK gas markets have traded at multi-month highs this week after peaking within day on Monday to levels not seen this year. Whilst prices are a touch softer a significant risk premium has been built in comparison to where…