Latest news
Britain to boost offshore wind auction power price guarantees by 66%
Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment.
read more... 16/11/2023
Daily (10.11.2023): EUAs notched their largest daily increase in over a month on Thursday amid bullish technical indicators
Oil prices recovered slightly on Thursday after falling to their lowest levels since July the previous day, with the market betting on an extension of OPEC+ cuts. Hence, Brent crude settled at $80.01 a barrel, while WTI crude closed at $75.74 a barrel, both contracts edging about 0.5% higher.
read more... 10/11/2023
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European Commission to create SMR Industrial Alliance
In response to calls from the nuclear industry, research community and nuclear safety regulators, the European Commission will establish an Industrial Alliance dedicated to small modular reactors (SMRs) in early 2024, European Commissioner for Energy Kadri Simson has announced.
read more... 08/11/2023
Britain to legislate for annual North Sea oil and gas licence rounds
The British government plans to legislate to mandate annual North Sea oil and gas licensing rounds, in a move Prime Minister Rishi Sunak says would create certainty for the industry during a transition to greener energy.
read more... 06/11/2023
Daily (03.11.2023): Oil prices rose by over 2.5% on Thursday following the Fed and BoE interest rate decisions
Oil prices saw an increase on Thursday as market sentiment shifted positively after both the Federal Reserve and the Bank of England chose to halt their interest rate hikes. Consequently, Brent crude climbed by 2.6% to settle at $86.85 a barrel, while WTI crude increased by 2.5% to end at $82.46 a barrel.
read more... 03/11/2023