OPEC+ confirmed plans to gradually phase out its 2.2 million bbl/day production cuts on a monthly basis from April through September 2026, putting pressure on oil prices on Tuesday. Furthermore, U.S. tariffs on Canada, Mexico, and China, along with Beijing's retaliation, also contributed to the decline.
read more... 05/03/2025
Germany's natural gas usage could fall some 3% to 7% by 2030 from current levels while it remains central to the country's energy supply, consultants McKinsey said on Tuesday.
read more... 05/03/2025
The number of public EV charge points in the UK has smashed through the 75,000 mark as high-powered chargers continue to lead the way in installations.
read more... 05/03/2025
The province of Noord-Brabant in the south of the Netherlands announced it will invest EUR4 million (USD4.2 million) in the further development of molten salt reactors.
read more... 05/03/2025
Crude oil prices fell to a 12-week low on Monday amid concerns over trade disruptions, as Trump raised tariffs on China to 20% and upheld 25% duties on Canada and Mexico, set to take effect on Tuesday. Adding to the pressure, OPEC+ confirmed its plan to increase oil output in April.
read more... 04/03/2025