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IEA sees electric car boom displacing up to 12 million b/d of oil by 2035
The International Energy Agency raised April 23 its estimates for global oil demand displacement from booming sales of electric vehicles citing growing policy impetus in key markets.
read more... 24/04/2024
Daily (23.04.2024): Energy complex turned bearish on Monday amid abated geopolitical tensions
On Monday, oil prices experienced a minor decrease due to diminishing concerns about a potential escalation between Iran and Israel following a quiet weekend with no significant updates. Brent crude stayed steady at $87 per barrel, whereas WTI crude dropped by over 1% to $81.9 per barrel
read more... 23/04/2024
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Denmark launches $14 billion offshore wind tender for at least 6 GW
Denmark has launched the biggest offshore wind tender in its history, seeking at least 6 GW and potentially up to 10 GW, the energy ministry said April 22.
read more... 23/04/2024
Approval granted for doubling capacity of UK offshore wind farms
The UK Secretary of State for Energy Security and Net Zero has granted development consent for the Sheringham Shoal and Dudgeon Extension Projects off the North Norfolk coast.
read more... 23/04/2024
Daily (19.04.2024): Energy complex recovered on Thursday amid persisting geopolitical concerns
Brent crude declined for the fourth straight session on Thursday, influenced by stability in the Middle East and potential actions by the US government to stabilize oil prices. Brent crude closed at $87.11 per barrel, while WTI crude remained unchanged at $82.73 per barrel.
read more... 19/04/2024