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EU countries eye tighter subsidies in hunt for energy market deal
European Union countries are considering stricter limits on state aid for power plants in an upcoming revamp of Europe's electricity market, after disagreements between Germany and France over the issue sunk a deal last week.
read more... 03/07/2023
Daily (09.06.2023): Oil prices tumbled following a turbulent session on Thursday
Oil prices tumbled following a turbulent session on Thursday after reports, later denied by the White House, of an imminent agreement between the US and Iran on oil sanctions. Brent crude dropped by 1.3% to settle at $75.96 a barrel. Meanwhile, WTI crude declined by about 2% closing at $71.29 a barrel.
read more... 09/06/2023
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France says nuclear power is ‘non-negotiable’
French nuclear power is “an absolute red line” and non-negotiable, Finance Minister Bruno Le Maire said Thursday (8 June), following Franco-German disagreements over the role of nuclear energy in Europe.
read more... 09/06/2023
Daily (06.06.2023): Crude oil prices rose by 1% on forecasts for additional cuts planned by Saudi Arabia in July.
Crude oil prices increased on Monday following the extension of production agreements by OPEC+ countries, with Saudi Arabia planning additional cuts in July. Hence, Brent crude increased by 0.8% to settle at $76.71 a barrel. While WTI Crude edged 0.6% higher at $72.15 a barrel.
read more... 06/06/2023
Orsted, ESB forge 5GW Irish offshore alliance
Irish utility ESB and Orsted have signed an agreement to jointly develop an Irish offshore wind portfolio in a landmark deal.
read more... 05/06/2023