Latest news
UK energy bills set to soar due to gas import dependency
British homes could be heavily dependent on foreign gas as the UK faces a decline in North Sea gas output.
read more... 15/05/2023
BP ventures back into oil frontiers to boost output
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions.
read more... 11/05/2023
Daily (2.05.2023): Crude prices rose by about 2% on Friday amid stronger U.S. oil demand and lower output
Crude oil prices gained ground on Friday after energy firms posted positive earnings and US data showed crude output was declining, while fuel demand was growing. Hence, Brent crude rose by 1.5% to settle at $79.54 a barrel. Meanwhile, US WTI crude increased by 2.7% to $76.78 a barrel.
read more... 02/05/2023
Tesla to build Shanghai factory to make Megapack batteries
Tesla Inc is opening a factory in Shanghai, capable of producing ten thousand Megapack energy product per year, to supplement output of Megapack factory in California, the company said in a tweet on Sunday.
read more... 10/04/2023
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