The French government today published a decree increasing the number of hours when coal-fired plants are allowed to operate until the end of next year.
read more... 25/08/2023
On Wednesday, crude oil prices fell due to concerns over increased U.S. gasoline inventories. Hence, Brent crude declined by 1% to $83.21 a barrel, while WTI crude dropped by 0.9% $78.89 a barrel.
read more... 24/08/2023
Crude oil prices notched a small decrease on Monday despite lower-than-expected exports from Saudi Arabia and Russia. Additionally, global economic concerns weighed on prices. Thus, Brent crude edged 0.4% lower at $84.46 a barrel. Meanwhile, U.S. WTI crude fell by 0.7% to settle at $80.72 a barrel.
read more... 22/08/2023
China has reported a substantial rise in newly installed clean energy capacity in the initial seven months of 2023, as per the National Energy Administration (NEA). The new installed solar power capacity soared 42.9 per cent year-on-year (YoY) to 490 million kilowatts (kW), while wind power stood at approximately 390 million kW, marking an annual increase of 14.3 per cent.
read more... 22/08/2023
Oil prices closed slightly higher on Friday but ended the week lower, with the market concerned about demand from China. The rise was mainly attributed to an expected drop in US crude oil inventories. Consequently, Brent crude increased by 0.8% to close at $84.80 a barrel, while WTI crude rose by over 1% to settle at $81.25 a barrel.
read more... 21/08/2023