Oil prices surged on Thursday, reaching their highest level since October amid heightened geopolitical tensions in Ukraine and the Middle East, as well as continuously tighter supply. As a result, Brent crude closed at $90.65 a barrel, while WTI crude reached $86.59 a barrel, with both contracts climbing by 1.4% day-on-day.
read more... 05/04/2024
An alliance of 14 pro-nuclear EU member states said the EU needs an additional 50 GW of nuclear power by 2050 to meet energy transition targets, requiring the construction of more than 30 new reactors.
read more... 05/04/2024
“Offshore plants risk not being built” unless incentives recently outlined by the government were raised, said Simone Togni, president of wind association ANEV.
read more... 04/04/2024
Oil prices surged to their highest level in five months on Tuesday amid worries about supply constraints. The surge was fuelled by fears of retaliatory actions from Iran following a fatal strike, attributed to Israel, on an Iranian diplomatic facility in Damascus. Brent crude rose by 2% to $88.92 a barrel, while WTI Crude posted a 2% decrease to $85.15 a barrel.
read more... 03/04/2024
Germany shut down 15 coal-fired power plants over Easter to ensure that the country would meet its climate neutrality targets, with Economy Minister Robert Habeck saying that the plants were “neither necessary nor economical”.
read more... 02/04/2024