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New UK laws to strengthen energy security and advance net zero
The Energy Act 2023, the most comprehensive energy legislation in the UK’s history, received Royal Assent on Thursday, 26th October.
read more... 27/10/2023
Egypt may stop LNG exports, tightening EU supply
Europe’s gas balance may tighten this winter due to turmoil in the Middle East as Egypt is expected to stop LNG exports amid lower supply from Israel and lower domestic production, experts said this week.
read more... 27/10/2023
Daily (26.10.2023): Oil prices rebounded by about 2% on Wednesday, boosted by the situation in the Middle East and the release of US crude inventories
Oil prices rebounded on Wednesday following several sessions of decline, boosted by news on the situation in the Middle East and the release of US crude inventories. As a result, Brent crude settled 2.3% higher at $90.13 per barrel, while WTI crude ended at $85.39 per barrel, up 2% day-on-day.
read more... 26/10/2023
Germany aims to support industry via tax relief, CCS
Germany’s economy ministry aims to help energy-intensive industry cope with higher energy prices via tax relief measures and decarbonise via carbon capture and storage (CCS), it said in a new plan on Tuesday.
read more... 26/10/2023
Honda-GM Ditch $5B Plan To Jointly Develop Affordable EVs
As GM redirects its focus toward making a profit amid grim earnings outlooks, strikes and rising costs, the U.S. auto giant has announced it is ditching a $5-billion plan to develop affordable EVs in partnership with Honda.
read more... 26/10/2023