Oil prices fell on Thursday amid fears of further interest rate hikes by the Federal Reserve following the release of Producer Price Index (PPI) report showing an increase of 0.5% in inflation on a monthly basis in January. Thus, Brent crude oil slipped by 0.3% to $85.14 a barrel.
read more... 17/02/2023
The Norwegian government will introduce stricter energy-saving measures for power producers in circumstances when hydropower reservoir levels are anticipated to be low, with the possibility of reducing power exports during periods of shortages.
read more... 30/01/2023
EDP Renovaveis, the world's fourth-largest renewable power producer, has brought on-stream the first hybrid wind-solar farm in Iberia, adding 36.5 gigawatts (GW) of annual capacity just as Europe is facing an energy crisis.
read more... 16/01/2023
Finnish wind power producer Suomen Hyotytuuli Oy on Thursday said its offshore wind farm extension project near Pori on the west coast of Finland is moving ahead to the permitting stage.
read more... 09/01/2023
Poland is prepared for a Russian ban on oil sales to countries implementing a price cap, the climate minister said on Thursday, with the country having cut its intake of Russian crude and secured alternative supplies from producers such as Saudi Arabia.
read more... 30/12/2022