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Daily (28.01.2025): Oil prices dropped amid a selloff in financial markets, particularly AI stocks

Oil prices fell by 2% on Monday as market participants opted for caution amidst a downturn in the stock market, weighed down by declining valuations of companies linked to artificial intelligence. Brent crude closed at $77.08 per barrel. Meanwhile, WTI crude settled at $73.17 per barrel.

read more... 28/01/2025

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Dying German government musters majority for solar panel restrictions

A majority of German parties agreed on Monday to adopt fixes to the country's energy policy framework, including cuts to solar subsidies during negative price periods.

read more... 28/01/2025

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Norway balks at EU’s energy integration drive

Norwegian politicians are resisting attempts to implement critical EU energy laws, which would integrate the country more tightly into European power markets.

read more... 28/01/2025

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Scotland’s Inch Cape offshore wind farm reaches financial close

The Inch Cape offshore wind farm, a joint venture between ESB and Red Rock Renewables, has reached financial close by securing more than £3.5bn ($4.3bn) in funding.

read more... 28/01/2025

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Norway resumes work on Oslo waste carbon capture project

A project to capture carbon emissions from a waste plant in Norway's capital restarted on Monday following a two-year hiatus to rein in development costs, its operator said.

read more... 27/01/2025

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