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EU parliament votes to up renewables, energy efficiency
The European Parliament's energy committee today voted to increase the share of renewables in the bloc's energy mix to a 45pc target and to increase energy savings, reducing usage by at least 40pc in final energy consumption, both by 2030.
read more... 14/07/2022
(Daily 13.07.2022): Crude oil fell on Tuesday to trade below $100 due to a strengthening dollar and COVID-19 restrictions in China
Crude oil fell on Tuesday to trade below $100 per barrel due to a strengthening dollar, COVID-19 restrictions in China, the world's largest petroleum importer, and growing concerns about a recession in the global economy. Thus, Brent crude ended 7.1% lower at $99.49 a barrel, while WTI fell by 7.9% to $95.84 per barrel.
read more... 13/07/2022
Drax plans GBP-2bn bioenergy-plus-CCS project
UK power producer Drax Group Plc plans to invest GBP 2 billion (USD 2.39bn/EUR 2.37bn) this decade in the development of two units under a bioenergy-with-carbon-capture-and-storage (BECCS) project at its North Yorkshire power station.
read more... 13/07/2022
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Austria, Germany plan to fill Gazprom storage facility
Austria and Germany will work together to refill the Gazprom-controlled gas storage facility at Haidach, the energy ministers of the two countries said on Tuesday.
read more... 13/07/2022
EU invests €1.8bn in energy transition technologies
The EU today announced €1.8bn ($1.8bn) of funding for 17 large-scale renewable energy and decarbonisation projects — including hydrogen, renewable power generation and advanced biofuels projects.
read more... 13/07/2022