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Daily (08.04.2024): Middle East conflict provided support to oil prices on Friday
Oil prices extended gains on Friday , amid worries about supply constraints due to the Middle East conflict. Brent crude rose by 1% to $91.17, while WTI Crude edged 0.4% higher at $86.19.
read more... 08/04/2024
German coalition agrees financing details of hydrogen network
Germany's ruling coalition on Friday agreed a financing mechanism for the country's future hydrogen network, extending a deadline for it to be built by five years to 2037 and offering protection for investors in case of bankruptcy.
read more... 08/04/2024
Daily (05.04.2024): Oil prices hit their highest level since October on Thursday amid escalated geopolitical tensions and supply constraints
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
Europe’s industry and power sector emissions plunge 15% in 2023
The EU’s emissions trading scheme sectors, industry and power, saw emissions drop by 15% in 2023, putting them on track for their 2030 targets, but experts question whether this was because of – or despite – Europe’s carbon trading framework.
read more... 05/04/2024
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EU approves €900 million French biomass scheme
The European Commission has approved a €900 million French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production, to foster the transition towards a net-zero economy in line with the Green Deal Industrial Plan.
read more... 05/04/2024