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Germany To Replace Nuclear With Natural Gas Plants for $16B
Last April, Germany shut down its last three nuclear power stations, marking the end of the country’s atomic age. The controversial decision came at a time when Europe and the German public was beginning to warm up to nuclear energy in the wake of the continent's energy crisis following Russia’s invasion of Ukraine.
read more... 12/02/2024
Daily (08.02.2024): Gas and power forward prices declined on Wednesday amid a comfortable supply outlook
Oil prices extended gains on Wednesday, in a market that saw no improvement in the situation in the Middle East. Despite a sharp build in US crude oil inventories, Brent crude settled at $79.21 while WTI crude stood at $73.86 per barrel, with both contracts posting a 1% increase.
read more... 08/02/2024
EU recommends ambitious 2040 climate target, goes light on farming
The European Commission recommended on Tuesday that the EU slash net greenhouse gas emissions by 90% by 2040, an ambitious target that will test political appetite for the region's fight against climate change ahead of EU elections.
read more... 07/02/2024
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Wind power outpaced gas plants in Europe for the first time in 2023
Wind power production outpaced gas plants in Europe for the first time last year as fossil fuel electricity generation plummeted, cutting the region's carbon emissions, data from think-tank Ember showed.
read more... 07/02/2024
Daily (06.02.2024): Gas prices tumbled by 3% on Monday amid ample supply and weaker demand
Oil prices rose on Monday as geopolitical risks outweighed economic concerns. Thus, Brent crude stood at $77.99, while WTI crude settled at $72.78 per barrel, with both contracts gaining about 1% day-on-day.
read more... 06/02/2024