ENERGY

After a strong run in the last week, oil prices are lower this morning following API's report last night indicated a large increase in US crude stockpiles adding to pressure as the market continued to watch for more trade salvos from President Trump.

Also contributing to the decline was US consumer price data that came in hotter than expected, causing a surge in the dollar surged that makes commodities priced in the currency less appealing.

Will the official data (more…)

By Tsvetana Paraskova of OilPrice.com

European Union officials are considering the potential introduction of a cap on natural gas prices as part of discussions on a clean industrial deal policy to boost Europe’s industry.

Europe is losing competitiveness due to the European gas prices which are up to four times higher than those in the United States.

A cap on prices is being discussed at the European Commission ahead of next month’s release of the so-called Clean (more…)

Authored by Tsvetana Paraskova via OilPrice.com,

Despite soaring solar and wind power installations, China launched construction of as many as 94.5 gigawatts (GW) of new coal power projects in 2024, the highest level since 2015, new research showed on (more…)