On Monday, oil prices tumbled. The drop was attributed to Saudi Arabia's decision to reduce its tariffs as part of a strategic move to reposition itself amid uncertainties and increasing competition in the market. As a result, Brent crude settled 3.3% lower at $76.12, while WTI crude declined by more than 4% to stand at $70.77 per barrel.
read more... 09/01/2024
Austria generated 87% of its power from renewable sources in 2023 following record years of solar panel expansion, putting it behind Luxembourg in the EU rankings.
read more... 08/01/2024
The plan would support low-income families and the purchase of cars made in Italy.
read more... 04/01/2024
A new report has revealed that UK electricity generation from fossil fuels has fallen to the lowest level since 1957. Analysis from Carbon Brief, published on 3 January, shows a 22% year-on-year drop in fossil fuel usage in 2023, meaning fossil fuels account for just 33% of the UK’s energy mix.
read more... 04/01/2024
China has reinstated tariffs on coal imports from the start of this year in what could be a blow to Russian exporters.
read more... 03/01/2024