Germany will change its CO2 storage law to facilitate gas transport and is eyeing carbon capture in industry and the power sector while taking steps to become an emission-negative country past 2050.
read more... 27/02/2024
The European Commission has awarded financing of up to 370 million euros ($402 million) to set up a 'Green Hydrogen Valley' in Italy's Puglia region, the energy groups involved said.
read more... 27/02/2024
On Friday, oil prices tumbled. The decline was largely attributed to diminishing expectations that the US Federal Reserve would lower interest rates as quickly as the market had initially anticipated. Furthermore, the strength of the US dollar contributed to this sentiment. Consequently, Brent crude stood at $81.62 a barrel, and WTI crude settled at $76.49 a barrel, both contracts dropping by more than 2% day-on-day.
read more... 26/02/2024
The first vessel carrying liquefied natural gas (LNG) for Germany's Baltic Sea terminal of Mukran arrived on Saturday for a test operation as the country steps up its quest to replace Russian pipeline gas.
read more... 26/02/2024
Oil prices extended gains on Thursday, with the ongoing bullish sentiment attributed to geopolitical risks in the Middle East, while a marginal rise in crude inventories failed to dampen the market. As a result, both contracts rose by about 1%, with Brent crude standing at $83.67 a barrel, and WTI crude settling at $78.61 a barrel.
read more... 23/02/2024