Oil prices fell by 1% on Wednesday due to a surprising rise in US crude inventories, causing concerns about the supply-demand balance. According to the report, US commercial crude inventories increased by 1.3 million barrels in the week ending January 5. As a result, Brent crude settled at $76.80, while WTI crude closed at $71.37 per barrel.
read more... 11/01/2024
The UK government on Thursday outlined plans for the biggest expansion of nuclear power for 70 years, including the possibility of building a major new power station to help boost the security of supply.
read more... 11/01/2024
Poland has the potential to double its installed wind power capacity by 2030 but the industry needs faster permitting, improved auctioning procedures and must find a way to mitigate soaring costs, the local wind lobby said on Wednesday.
read more... 11/01/2024
Global renewable energy capacity is expected to grow by two and a half times by 2030 but governments need to go further to achieve a goal of tripling it by then agreed at United Nations' climate talks, the International Energy Agency (IEA) said.
read more... 11/01/2024
Oil prices rebounded by 2% on Tuesday after a significant drop the previous day. The market's attention was focused on concerns over global crude supplies due to the shutdown of a major Libyan field and tensions in the Red Sea. Thus, Brent crude stood at $77.59, while WTI crude settled at $72.24 per barrel.
read more... 10/01/2024