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Daily (20.03.2024): Oil prices notched a minor increase on Tuesday amid continued attacks on Russia’s refineries and positive data from China
Crude oil prices extended gains yesterday due to ongoing attacks on Russia's refining infrastructure, positive macroeconomic data from China, as well as reports of decreasing US crude oil and gasoline inventories. As a result, Brent crude edged 0.6% higher to end at $87.38 a barrel. Meanwhile, U.S. WTI crude rose by about 1% to settle at $83.47 a barrel.
read more... 20/03/2024
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Poland needs coal plant subsidies beyond 2028
Poland will need an extension of EU rules that allow coal plant subsidies until 2028 as it will require coal power generation until it builds its first nuclear plant next decade, the top energy security official in the new government told Reuters.
read more... 20/03/2024
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EIB approves €700m loan to Iberdrola for grid expansion
The European Investment Bank (EIB) has approved a €700m loan to Iberdrola to expand its electricity distribution network in Spain.
read more... 20/03/2024
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Government halts massive Northamptonshire solar farm plan
The government has blocked proposals for a large scale solar farm in rural Northamptonshire, overturning recommendations from a planning inspector and denying permission for the 175-acre site spanning two fields near Gayton, Rothersthorpe and Milton Malsor.
read more... 20/03/2024
Daily (19.03.2024): Oil prices soared on Monday, due to improved economic situation in China and heightened geopolitical tensions
Oil prices ended higher on Monday, influenced by improving economic prospects in China and heightened geopolitical tensions following new drone strikes on Russian refineries over the weekend. Brent crude increased by 2% at $86.89 a barrel, while WTI Crude rose by 2% to $82.72 a barrel.
read more... 19/03/2024