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Jun 12, 2025

Daily (12.06.2025): Oil prices reached a 2-month high on Wednesday amid rising Middle East tensions

Crude oil prices climbed to their highest level in two months on Wednesday, driven by escalating tensions in the Middle East. The rally was sparked by reports of a potential U.S. embassy evacuation in Iraq and the possible withdrawal of military dependents from Bahrain, which surprised markets and heightened fears over sustained sanctions on...

Jun 12, 2025

EU nations are looking into relaxing regulations on methane emissions for gas imports.

EU member states may request Brussels to streamline the methane emissions regulation, raising concerns from companies that it could affect the import of U.S. liquefied natural gas, as reported by Reuters. Starting this year, the EU mandates that oil and gas importers monitor and report methane emissions linked to these imports. Methane, which leak...

Jun 12, 2025

France activates its nuclear sector to drive growth.

A strategic contract has been established among key French industrial stakeholders, the government, and trade unions to coordinate the country's nuclear sector for extending the operational life of existing reactors and building new ones. In February 2022, President Emmanuel Macron declared that the time was ripe for a nuclear revival in France, a...

Jun 12, 2025

EU Plans to Permit More Flexible Natural Gas Storage Goals

Negotiators from the European Parliament and EU member states have reached a preliminary agreement to relax the bloc's natural gas storage targets by allowing a 10 percentage point deviation from the 90% storage goal, according to a draft document reported by Bloomberg. This increased flexibility addresses concerns from several major gas-consuming ...

Jun 12, 2025

OPEC leader asserts that the rise in oil demand is permanent.

OPEC's secretary-general, Haitham Al Ghais, stated this week that crude oil demand will continue to rise in the coming decades due to population growth, predicting a 24% increase by 2050. He emphasized that there is no imminent peak in oil demand at the Canadian Global Energy Show, as reported by Reuters. Al Ghais reiterated concerns about the nega...

Jun 12, 2025

Potential defects identified in French nuclear reactors.

France's EdF has identified potential defects in the piping of the 1.5GW Civaux 2 reactor, as reported by the nuclear safety authority ASNR. Tests showed two "signs," likely echoes from ultrasound assessments, that may indicate defects. These tests are ongoing as part of a strategy to address stress corrosion, though ASNR has not yet confirmed whet...

Jun 12, 2025

EU considers a flexible goal of reducing greenhouse gas emissions by 90% by 2040.

EU Commission's climate director general Kurt Vandenberghe indicated today that the commission's upcoming proposal for a 2040 net greenhouse gas reduction may allow for greater flexibility, though specifics were not provided. He expressed hope that the 90% target, relative to 1990 levels, would gain agreement with the necessary flexibility, while o...

Jun 12, 2025

Alight launches a solar park in Sweden contracted by H&M.

Swedish solar developer Alight announced the launch of a 6-MWp solar park in Katrineholm, Sweden, which will provide green electricity to H&M Group. This photovoltaic farm is the third project from a partnership between Alight and H&M initiated last year, with all three plants generating electricity for H&M's outlets in Sweden. The Katrineholm si...

Jun 12, 2025

Econergy makes its move in Germany by acquiring a 100-MW battery energy storage system.

Israeli independent power producer Econergy Renewable Energy Ltd (TLV:ECNR) has acquired a portfolio of battery energy storage system (BESS) projects in Germany, totaling 100 MW/200 MWh, marking its market entry. The portfolio includes two projects expected to begin construction by year-end. Econergy plans to invest EUR 73 million (USD 84.1 million...

Jun 12, 2025

The DemoCELL project confirms the geothermal potential in Lower Saxony, Germany.

A geothermal research drilling project near Ahnsbeck in the Celle district of Lower Saxony, Germany, has shown promising results, indicating excellent geothermal potential at this site. This marks the first successful geothermal drilling in Lower Saxony. The DemoCELL project, a partnership between the Georg-August University of Göttingen and Baker...

Jun 12, 2025

Polestar Electric Cars Introduce in France

Swedish electric performance car brand Polestar has officially launched in France, making its complete range of electric vehicles available for order. This move establishes France as the company's 28th market globally, marking a significant milestone in its growth across Europe and enhancing its presence on four continents. Market Entry and Strate...

Jun 12, 2025

A small modular reactor plant is suggested for a remote area in Norway.

Swedish small modular reactor technology developer Blykalla and Norwegian nuclear project developer Norsk Kjernekraft are launching a joint company to create an SMR power plant on Svalbard, an Arctic archipelago in Norway. Longyearbyen, the administrative center, was reliant on coal until 2023. With the coal plant's closure, temporary diesel syst...

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