Latest news
Daily (18.12.2024): Oil prices dropped by about 1% on Tuesday amid ceasefire hopes and weaker economic data
Oil prices declined by about 1% on Tuesday, with Brent crude dropping to $73.19 per barrel and WTI crude at $70.08 per barrel, driven by the potential for a ceasefire in the Gaza Strip, along with weaker Chinese economic data and ongoing concerns about a possible market surplus.
read more... 18/12/2024
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Spanish region approves mandatory wind turbine upgrade, sparking industry outcry
Wind parks operating in the Spanish region of Galicia will be obliged to replace ageing turbines after 25 years under a package of measures approved by the regional parliament on Tuesday, sparking an outcry from the renewables industry.
read more... 18/12/2024
Sweden could take stake in new nuclear power plants
Sweden is considering taking a stake in the new nuclear power plants it wants the private sector to build over the coming decades to meet an expected surge in demand for fossil-free electricity, the government said on Tuesday.
read more... 18/12/2024
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Italy to hit key clean electricity target, but power woes persist
Italy's power producers are set to generate more electricity from clean power sources than from fossil fuels this year for the first time, marking a major energy transition milestone for Europe's fourth-largest economy.
read more... 18/12/2024
British front-month gas price dropped to a one-and-a-half-month low due to milder weather
Crude oil prices lost momentum on Monday, as IEA reported that oil supplies will be comfortable in the next year. As result, Brent oil and WTI crude both fell by almost 1% to trade at $73.91 a barrel and $70.71 a barrel, respectively.
read more... 17/12/2024