EDF suffers a major setback as it loses the Czech nuclear bid to Korea’s KHNP, highlighting ongoing challenges with delays and rising costs.
energy market
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Oil prices hold steady as investors monitor Storm Beryl’s potential impact on Texas oil production and refining operations, awaiting clearer indications.
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China’s Sinopec, the world’s largest oil refiner, reported a 9.9% decline in 2023 net profit. Despite the decrease, the company benefited from a strong rebound in domestic fuel demand, particularly for gasoline and aviation fuel.
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OPEC’s latest report offers an optimistic forecast for global oil demand, projecting strong growth through 2024 and 2025 amidst geopolitical tensions and supply disruptions.
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Since the European Union imposed sanctions on Russia’s energy exports in 2022, following its invasion of Ukraine, Moscow has been looking for new markets to sell its oil. And it…
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Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s heavy losses. Brent crude futures were up $1.07, or 1.41%, at…
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Oil prices dipped as the world’s top oil exporter, Saudi Arabia, cut its official selling prices for February and the Organization of the Petroleum Exporting Countries (OPEC) increased its production…
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Oil prices plunged to their lowest levels in six months on Tuesday, as investors worried about the outlook for the global energy market. The Brent crude oil price, the international…
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Oil prices experienced a resurgence as market sentiment suggested OPEC and its partners are poised to counter the recent sharp decline in prices. West Texas Intermediate (WTI) saw a 4%…