Latest news
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
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Belgium demands probe into “massive” French power export curbs
The ongoing cuts, which French TSO RTE said it had been forced to carry out to ensure the safety of the grid, were weighing on already low French prices in an oversupplied market, helping to keep them well below those in Belgium and Germany, analysts said.
read more... 22/04/2024
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
Daily (18.04.2024): Oil prices tumbled by over 3% on Wednesday, weighed by rising US inventories and easing war fears
Oil prices tumbled on Wednesday, dragged down by signs of restraint from Israel in its response to the Iranian attack, as well as a further unexpected jump in US crude inventories. Consequently, Brent crude stood at $87.29 a barrel, while WTI crude reached $82.69 a barrel, with both contracts dropping by around 3% day-on-day.
read more... 18/04/2024
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EU expected to sue Germany over gas tariff
The European Commission is expected to sue Germany for charging its neighbours an extra fee for buying gas from its storage, seen as flouting the EU's single market rules, two sources familiar with the matter said.
read more... 18/04/2024