Oil prices traded flat on Monday, due to ongoing concerns about demand in China and fears of a global recession. Consequently, Brent crude ended at $85.91 a barrel and WTI oil still at $80.26 a barrel.
read more... 03/01/2023
Spain connected almost 6.2 GW of wind and solar capacity to the grid in 2022, nearly double the 3.7 GW connected in 2021, preliminary data from TSO Red Electrica showed on Monday.
read more... 03/01/2023
Oil prices were bullish on Friday to end a volatile 2022, as Russia's war in Ukraine shook global markets, boosted global inflation, and fueled recession fears despite most economies emerging from coronavirus lockdowns. Consequently, Brent crude increased by 4.4% to $85.91 a barrel and WTI oil rose by 2.3% to $80.26 a barrel.
read more... 02/01/2023
The Finnish government has announced on Thursday that it has proposed a temporary windfall tax on profits from the country's electricity companies as part of a European Union response to soaring power costs. The proposed 30% tax would apply to any profits exceeding a 10% return on capital in 2023, with the government estimating it could bring in between 500 million and 1.3 billion euros ($533 million-$1.9 billion).
read more... 30/12/2022
U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc's new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy.
read more... 29/12/2022