On Tuesday, oil prices were bearish, following a decline in other risk assets. The dollar remained strong and investors anticipated further interest rate increases from central banks in order to reduce inflation. As such, Brent crude settled 1.5% lower at $90.62 a barrel. WTI crude decreased by 2.1% to $83.94.
read more... 21/09/2022
As investors hurried to riskier assets in response to lower-than-expected U.S. inflation statistics and promising news on U.S. gasoline consumption, oil prices gained ground on Wednesday, recovering from losses early in the day. Thus, Brent crude oil price settled 1.1% higher at $97.40, WTI crude rose by 1.6% to settle at $91.93 a barrel.
read more... 11/08/2022
The director of CINEA, a recently established EU agency managing €55 billion in EU funding for clean energy and transport, has told EURACTIV about the challenge of ending fossil fuel projects entirely, saying coal and natural gas assets “are not simply going to go away” and need to be managed during the transition.
read more... 29/10/2021
Increased wind output and the lowest demand in over a year have reduced the call on fossil-fuel assets in the UK this month, putting the carbon intensity of the country's power sector on track for a significant decline despite record low nuclear generation.
read more... 25/08/2021
Enel said it has agreed to buy hydroelectric assets from Italian renewable energy group ERG in a deal worth one billion euros ($1.19 billion).
read more... 03/08/2021