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Daily (26.01.2022): Brent crude rose by more than 2% amid persisting geopolitical tensions and supply concerns
Geopolitical tensions sent crude prices higher amid an already tight oil market. Threats to infrastructure in the United Arab Emirates and struggles by OPEC+ to hit its targeted monthly output increase lent additional support to prices. As such, Brent crude rose by 2.2% to end at $88.20 a barrel. At the same time, WTI crude price increased by 2.8% to settle at $85.20 a barrel.
read more... 26/01/2022
Lightsource bp, Dourogás to build solar and hydrogen sites in Portugal
Lightsource bp and Dourogás have agreed to form a hydrogen joint venture, which will invest in solar and hydrogen infrastructure in Portugal.
read more... 27/12/2021
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Eni sets sights on Polish offshore wind business
Italian energy group Eni has extended an agreement with investment fund Copenhagen Infrastructure Partners (CIP) to develop offshore wind in Poland, the companies said.
read more... 17/12/2021
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UK Company Looks To Build Europe’s Largest Battery
Sembcorp Energy UK (SEUK) has announced plans to build Europe’s largest battery in Teeside to boost its portfolio and strengthen the UK’s renewable infrastructure as the country pushes to reach net-zero carbon emissions by 2050.
read more... 15/12/2021
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Europe facing record low gas storage by winter's end
Europe's gas storage levels could hit record lows by the end of the winter heating season due to an early cold spell and muted Russian flows, Gas Infrastructure Europe data showed, leaving consumers and companies with much higher prices for longer.
read more... 15/12/2021