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Daily (26.02.2025): Crude oil prices tumbled to a 2-month low on Tuesday amid tariff uncertainty and increased supply
Crude oil fell on Tuesday, pressured by ongoing tariff uncertainties and weakening consumer confidence, which heightened worries about demand. Additionally, indications of increasing supply from OPEC+ and Russia added to the downward pressure.
read more... 26/02/2025
UK should cut emissions by 87pc over 1990-2040
The UK advisory Climate Change Committee (CCC) has outlined a "feasible" pathway towards a 87pc reduction in greenhouse gas (GHG) emissions by 2040 for the country, from a 1990 baseline.
read more... 26/02/2025
EU says energy plan could cut 45 billion euros off fossil fuel import bill
Plans due to be published by the European Commission on Wednesday could shave 45 billion euros ($47.3 billion) off the EU's fossil fuel import bill this year, according to the EU executive's analysis.
read more... 26/02/2025
Copenhagen Infrastructure Partners to buy Morecambe wind project
Copenhagen Infrastructure Partners has agreed to buy an offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager said on Wednesday.
read more... 26/02/2025
Daily (25.02.2025): A sharp drop in wind generation pushed European spot gas and power prices higher on Monday
Crude oil settled higher on Monday, supported by new U.S. sanctions on Iran and Iraq’s commitment to offset excess production, both of which raised concerns about near-term supply shortages. Iraq is also waiting for Türkiye’s approval to resume oil flows from the Kurdistan region, potentially resolving a two-year dispute. However, potential peace talks in Ukraine, which may bring more Russian oil to the market, and U.S. tariff measures that could reduce demand, capped gains.
read more... 25/02/2025