Latest news
British regulator awards more North Sea oil and gas licences
Britain's oil and gas regulator on Friday awarded 31 new hydrocarbon exploration licences as part of efforts to extend production in the ageing basin.
read more... 06/05/2024
Daily (03.05.2024): EUAs posted their second-largest daily increase of the year on Thursday following a decline in net short positions
On Thursday, oil prices were rather stable following a significant decline the previous day. The market anticipation grew regarding the likelihood of the United States replenishing its strategic crude reserves due to these reduced-price levels. Hence, Brent crude edged 0.3% up at $83.67 per barrel, while WTI crude was rather stable to bearish at $78.95 per barrel.
read more... 03/05/2024
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German parliament approves measures to accelerate solar growth
The German parliament has approved legislative measures designed to streamline administrative processes and accelerate the deployment of photovoltaic systems and solar energy storage facilities across the nation.
read more... 03/05/2024
France Crafts Offshore Wind Expansion to Meet Climate Goals
France has revealed an ambitious strategy to amplify its offshore wind capacity, signaling a determined effort to make as much progress as neighboring nations in meeting climate objectives.
read more... 03/05/2024
Ofgem set to announce new energy price cap
Regulator Ofgem is set to unveil the new energy price cap on 24th May, which could see average household bills drop by over £100.
read more... 03/05/2024