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Daily (05.12.2023): The energy complex was bearish on Monday amid milder weather, robust LNG supply
On Monday, oil prices continued to decline for the third consecutive day following OPEC+'s announcement of new production cuts. This reaction adds complexity to the situation for the cartel, which is facing diminishing ammunition. Hence, Brent crude retreated by about 1%, settling at $78.03 per barrel, while WTI crude fell by over 1%, standing at $73.04 per barrel.
read more... 05/12/2023
Global coalition pledges to triple renewables, double energy efficiency improvements
118 countries – China and India not included – have signed up to a pledge to triple their renewable energy capacity and double their rate of energy efficiency improvements by 2030.
read more... 05/12/2023
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Belgium and Engie reach deal on extension of nuclear reactors
Belgium and French utility group Engie have reached a deal on the extension of two nuclear reactors, Doel 4 and Tihange 3, according to the country's energy minister.
read more... 05/12/2023
Ministerial declaration puts nuclear at heart of climate action
Twenty two countries have signed up to the goal of tripling global nuclear energy capacity by 2050, at the UN's COP28 climate change conference.
read more... 05/12/2023
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German Grid Regulator Plans to Spread Clean Energy Costs Across All Regions
Consumers in Germany’s states with lower clean energy production may end up paying higher grid fees as the regulator plans to spread out evenly among regions the higher costs of adding renewables to the system.
read more... 04/12/2023