Latest news
Germany to have 1 million electric cars on the road in July
Germany will in July have 1 million electric cars on the road, hitting its target six months late, Economy Minister Peter Altmaier told Tagesspiegel daily on Friday, saying subsidy programmes had boosted demand.
read more... 02/07/2021
Daily (19.03.2021): Oil prices plummeted by 7% on Thursday amid faltering vaccine rollout in Europe
Oil prices plummeted for a fifth day in a row on Thursday due to tighter restrictions in many EU countries, including Italy, France and Poland, as the slowdown in vaccination programs in Europe led to rising Covid-19 cases. Hence, Brent crude dropped by $4.72, or 6.9%, to settle at $63.28 a barrel, while U.S. WTI crude fell $4.60, or 7.1%, to settle at $60.00 a barrel. Both contracts tumbled by more than 11% since their recent highs hit on March 8.
read more... 19/03/2021
Germany receives 200 hydrogen project applications in IPCEI call
Germany's energy ministry has received around 200 hydrogen project proposals seeking funding under the Important Projects of Common European Interest (IPCEI) program, it said Feb. 25.
read more... 01/03/2021
Oil products caught between Covid and green push
Most forecasts for products demand and prices have been steadily revised upwards as vaccination programmes have got underway and this has created positive market sentiment, Argus' global head of oil products Stephen Jones told the forum held today during the IP Week conference. But, any actual demand recovery will depend on how quickly governments lift lockdown measures. One major unknown is how well the vaccines will deal with new variants of Covid-19.
read more... 24/02/2021
No EU funds for fossil-fuelled vehicles and power
Guidance issued today on national economic programmes financed under a €672.5bn EU recovery and resilience facility stated that conventional scrappage schemes — replacing internal combustion engine (ICE) cars with more efficient ICE models — are not compliant.
read more... 15/02/2021