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Germany's Sefe, Norway's Equinor strike $55 billion gas supply deal
German state-owned energy firm Sefe secured a 50 billion euro ($55 billion) gas deal with Norway's Equinor that will cover one-third of the industrial gas needs of Europe's largest economy, the companies said on Tuesday.
read more... 20/12/2023
EU strikes deal on new hydrogen grid supervisory body
EU legislators on Friday (8 December) struck a political agreement on the final piece of the Union’s hydrogen policy, establishing a grid planning body that will gradually become independant from existing gas network operators.
read more... 11/12/2023
Daily (30.10.2023): Oil prices jumped by 3% on Friday due to escalation of geopolitical tensions in the Middle East
Oil prices posted a significant 3% surge on Friday due to the U.S. strikes in Syria targeting sites connected to Iran. These strikes raised concerns about an escalation in Middle East geopolitical tensions, potentially leading to disruptions in oil supply in the region. Consequently, Brent crude settled at $90.48 per barrel, and WTI crude closed at $85.54 per barrel.
read more... 30/10/2023
Honda-GM Ditch $5B Plan To Jointly Develop Affordable EVs
As GM redirects its focus toward making a profit amid grim earnings outlooks, strikes and rising costs, the U.S. auto giant has announced it is ditching a $5-billion plan to develop affordable EVs in partnership with Honda.
read more... 26/10/2023
Daily (12.10.2023): European spot electricity prices surged on Wednesday amid falling wind output and potential strikes by power workers in France
On Thursday, Oil prices fell following reports that Saudi Arabia had committed to maintaining market stability in the face of possible supply disruptions in the Middle East caused by conflicts in the region. As a result, Brent crude dropped by 2% to settle at $85.82 per barrel, while WTI crude ended at $83.49 per barrel, down 3% day-on-day.
read more... 12/10/2023