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Investing in new nuclear is ‘bad for the climate’
New nuclear is less cost-competitive than wind, solar or electricity storage options and hinders investments in renewable energies that could otherwise be deployed much faster, according to a peer-reviewed commentary published in the scientific journal Joule.
read more... 27/07/2023
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Spanish gas storage levels hit record 98% for July
Spanish underground gas storage levels have reached a record level for July of 98%, significantly higher than the 72% seen a year ago, TSO Enagas said on Wednesday.
read more... 27/07/2023
Daily (26.07.2023): Oil prices surged to a three-month high on Tuesday, driven by China's new stimulus measures
Oil prices surged for the fourth consecutive session on Tuesday, hitting a three-month peak, driven by indications of reduced oil supplies and reassurance from Chinese authorities about their commitment to strengthen the economy, leading to a positive market sentiment. Thus, WTI crude traded 1.1% higher at $79.63 a barrel, while Brent crude rose by 1% to settle at $83.64 a barrel.
read more... 26/07/2023
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EU faces winter gas supply risk on limited LNG growth
Europe still faces risks to its gas supply this winter as the global availability of LNG upon which it depends looks set to expand only modestly this year, commodities consultancy Icis said on Monday.
read more... 26/07/2023
EU signs off target to cut final energy use 12% by 2030
A new EU target to cut the bloc’s final energy use by 11.7% in 2030 compared with a business-as-usual forecast gained its final approval on Tuesday, paving the way for it to become binding.
read more... 26/07/2023