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Spain to seek $1.5B loan from EU recovery fund for EV plan
Spain will ask for a first loan worth 1.3 billion euros ($1.5 billion) from the European Union's Recovery and Resilience Facility to finance a plan to build electric cars, according to the draft 2022 budget submitted to the country's parliament.
read more... 15/10/2021
Octopus Energy, RES to invest $4.1 billion in UK green hydrogen production
UK renewable power utility Octopus Energy and renewable energy company RES have partnered to invest GBP3 billion ($4.1 billion) in renewable hydrogen projects across the country by 2030, the companies said in a statement Oct. 14.
read more... 15/10/2021
Daily (15.10.2021): Oil prices climbed to multi-year highs on Thursday as Saudi Arabia dismissed calls for additional OPEC+ supplies
Crude oil prices climbed to hit multi-year highs on Thursday after Saudi Arabia, one of the main crude oil producers in the world, rejected to follow the policy of OPEC+ to increase their output for price controls. Additionally, the International Energy Agency (IEA) said surging natural gas prices could boost demand for oil among power generators. Hence, Brent crude rose by 1% to settle at $84.00 a barrel, the highest level since October 2018. U.S. WTI crude increased by 1% to close at $81.31 a barrel, hitting a seven-year record high.
read more... 15/10/2021
Daily (14.10.2021): British near-term gas prices edged up on Wednesday on low storage, high LNG
Oil prices traded down in a steady trading on Wednesday amid profit-taking, while traders assessed OPEC’s skepticism around the strength of crude demand even after prices hit the highest since 2014. Hence, Brent crude settled 24 cents, or 0.3%, lower at $83.18 per barrel. U.S. West Texas Intermediate (WTI) crude eased by 20 cents, or 0.3%, to end at $80.44.
read more... 14/10/2021
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EU to study joint natural gas buying as response to energy price spike
The European Union will look into an option for member states to jointly buy natural gas as the bloc considers ways to protect itself against surging energy prices, according to a draft document.
read more... 14/10/2021