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Daily (31.05.2023): Oil prices plunged by about 5% on Tuesday, amid high Russian exports and slowing Chinese demand
Oil prices plunged by about 5% on Tuesday, amid high Russian exports and slowing Chinese demand with the prospect of a standstill at Sunday's OPEC+ alliance meeting. Hence, Brent crude settled at $69.46 a barrel. Meanwhile, WTI crude traded at $73.54 a barrel.
read more... 31/05/2023
EU nuclear club’s projects could reach 150 GW by 2050
Nuclear power could reach up to 150 GW of capacity by 2050, against 100 GW currently, France’s energy minister wrote in a statement on Tuesday following a meeting of the new European nuclear alliance.
read more... 17/05/2023
EU, Norway plan cooperation on carbon capture, hydrogen
The European Union and Norway aim to work together to develop infrastructure to capture and store CO2 emissions and scale up renewable hydrogen production in Europe, according to a draft "alliance" plan.
read more... 21/04/2023
Daily (05.04.2023): Spot electricity prices in Europe gained ground on Tuesday due to declining wind power output
Oil prices ended Tuesday’s session rather flat to bullish, failing to capitalize further on surprise output cuts by several members of the OPEC+ alliance, with the market more concerned about demand than supply. As a result, Brent crude ended at $84.94 a barrel, while WTI crude edged around 0.4% higher to settle at $80.71.
read more... 05/04/2023
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EU ministers launch nuclear alliance of 11 countries
Energy ministers from 11 EU countries agreed to "foster closer cooperation" between their national nuclear sectors to boost the industry following an informal meeting in Stockholm, France's energy ministry said on Tuesday.
read more... 01/03/2023