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Dutch climate minister calls for strong coalition to phase out fossil fuel subsidies
Dutch Climate Minister Rob Jetten said on Monday he would work in coming weeks to set up a strong international coalition to phase out subsidies and tax breaks tied to the use of fossil fuels blamed for global warming.
read more... 03/10/2023
Daily (14.09.2023): British gas prices soared on Wednesday amid escalating LNG strikes in Australia
On Wednesday, crude oil prices edged lower due to stronger US crude inventories. Hence, Brent crude slipped by 0.2% to $91.88 a barrel, while WTI crude declined by 0.4% to $88.52 a barrel.
read more... 14/09/2023
BP commits to Germany with $11 billion low-carbon investment push
BP plans to invest up to 10 billion euros ($10.7 billion) in low-carbon fuels, renewables and EV charging in Germany by the end of the decade to rival local power firms, as competition over the energy transition of Europe's largest economy intensifies.
read more... 13/09/2023
Daily (12.09.2023): German spot power surged dramatically by 44% due to the initiation of labor strikes at Chevron's LNG production facilities
Crude oil prices remained relatively steady as they appeared to have reached a point of equilibrium due to the combination of declining demand and reduced OPEC production. Hence, Brent crude traded at $90.64 a barrel. Meanwhile, U.S. WTI edged 0.3% lower at $87.29 a barrel.
read more... 12/09/2023
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Britain eases planning rules for onshore wind projects in England
British Prime Minister Rishi Sunak's government said on Tuesday it would speed up the approval process for English onshore wind projects that are backed by local people, easing what has been seen as an effective ban.
read more... 07/09/2023