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Daily (17.07.2023): Oil prices retreated by about 2% on Friday, driven by profit-taking
Oil prices retreated by about 2% on Friday, driven by profit-taking at the end of a week in which prices recovered, supported by good inflation news. Thus, WTI crude traded about 2% lower at $75.42 a barrel, while Brent crude dropped by 1.8% to settle at $79.87 a barrel.
read more... 17/07/2023
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Nordic system price settles negative for 1st time
The Nordic system price for Sunday settled negative for the first time at EUR -1.95/MWh amid strong wind power generation.
read more... 17/07/2023
Ireland launches MARA to regulate development in maritime area
The Irish Government has launched the Maritime Area Regulatory Authority (MARA), a new state agency, to oversee the country’s maritime area including offshore energy projects.
read more... 17/07/2023
Wind and solar to produce over a third of global power by 2030
Wind and solar projects are on track to account for more than a third of the world's electricity by 2030, signalling that the energy sector can achieve the change needed to meet global climate goals, a report by the Rocky Mountain Institute (RMI) said on Thursday.
read more... 17/07/2023
Daily (14.07.2023): Oil prices climbed by over 1% on Thursday amid potential production disruptions in Libya
Oil prices climbed on Thursday, buoyed by various factors, including the dollar's decline, an appetite for risk assets and potential production disruptions in Libya. Thus, WTI crude traded 1.5% higher at $76.89 a barrel, while Brent crude climbed by 1.6% to settle at $81.36 a barrel.
read more... 14/07/2023