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Daily (02.05.2024): Gas and carbon prices lost ground on Wednesday, driven by light trading and muted demand due to bank holiday
Oil prices experienced a significant decline on Wednesday due to various signs indicating subdued demand, especially with the upcoming US travel season. Consequently, Brent crude tumbled by 5% to settle at $83.44 per barrel, and WTI crude dropped by 3.6% to close at $79 per barrel.
read more... 02/05/2024
Spain, Portugal take home most of €720m EU hydrogen award
The European Commission announced on Tuesday (30 April) the winners of its first auction to allocate subsidies for hydrogen production, with most of the €720 million awarded going to projects in the Iberian peninsula.
read more... 02/05/2024
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Poland making strong progress on nuclear project
The International Atomic Energy Agency (IAEA) review mission has praised steps taken in Poland to develop the necessary infrastructure for nuclear power.
read more... 02/05/2024
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Almost 1GW of UK power generation gets fast-track connection to the grid
UK Power Networks Distribution System Operator (UKPN DSO) has launched a new scheme to allow almost 1GW of new power generation projects to receive fast-track connection to the UK grid.
read more... 02/05/2024
Daily (30.04.2024): Crude oil prices fell by 1% on Monday amid renewed hopes of a truce in Gaza
Oil prices declined on Monday, influenced by easing geopolitical tensions amid renewed optimism for a ceasefire in the Gaza Strip, potentially tied to potential hostage releases. Hence, Brent crude decreased by 1%, reaching $88.4 per barrel, and WTI crude similarly dropped by 1%, to settle at $82.63 per barrel.
read more... 30/04/2024