Global electricity production from nuclear energy dropped by 4% last year from 2021, with the technology's share of gross electricity generation falling to its lowest since the 1980s, an industry report showed on Wednesday.
read more... 07/12/2023
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
Oil prices posted sharp falls on Friday as the recent cuts in crude oil production announced by some Opec+ exporting countries were received with doubt by the oil market, failing to produce the expected impact. As a result, Brent crude tumbled by about 5% to settle at $78.88 per barrel, while WTI crude declined by 2.5% to end at $74.07 per barrel.
read more... 04/12/2023
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
Oil prices closed lower on Thursday despite OPEC+ members announcing additional production cuts. The market responded cautiously to the announcement, as several OPEC and allied nations pledged further reductions to enhance market stability and balance. Consequently, Brent crude edged 0.3% down at $82.83 per barrel, while WTI crude ended over 2% lower to settle slightly below $76 per barrel.
read more... 01/12/2023