Latest news
Daily (24.10.2023): Oil prices decreased by over 2% on Monday, in response to reports of US diplomatic efforts to reduce tensions in the Middle East
Crude oil prices moved downwards yesterday, as the markets were optimistic that diplomatic efforts could defuse the conflict in the Middle East. Furthermore, persistent global issues, such as elevated debt levels and instability in the property sector, exerted additional pressure on prices. As a result, Brent crude declined by 2.5% to end at $89.83 a barrel. Meanwhile, U.S. WTI crude traded 2.9% lower at $85.49 a barrel.
read more... 24/10/2023
.jpg)
German solar package gets first reading
A German bill to increase the expansion of solar photovoltaics is undergoing its first reading in the Bundestag.
read more... 20/10/2023
Daily (18.10.2023): Oil prices notched a minor increase on Tuesday as tensions in the Middle East continued to run higher after deadly blast at Gaza hospital
Crude oil prices rose slightly yesterday, with markets feeling uncertain due to worries about the potential escalation of a broader conflict in the Middle East after the deadly blast at Gaza hospital. As a result, Brent crude edged 0.3% higher at $89.90 a barrel. Meanwhile, U.S. WTI crude remained unchanged at $86.66 a barrel.
read more... 18/10/2023
France and Germany disagreement on CfDs continues
EU energy ministers are seeking to resolve differences over the use of contracts for difference (CfDs) to support nuclear energy investment on Tuesday. Some countries support the initiative as they see CfDs as key to incentivising investment in an industry with uncertain rates of return on capital. Others believe CfDs will disrupt the pricing mechanism for energy markets in Europe.
read more... 18/10/2023
.jpg)
France to miss 2030 interconnector targets
France is set to significantly increase its interconnector capacity by 2030 but will still fall short of TSO targets amid project delays, the country’s TSO RTE told Montel.
read more... 05/10/2023