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Daily (23.04.2024): Energy complex turned bearish on Monday amid abated geopolitical tensions
On Monday, oil prices experienced a minor decrease due to diminishing concerns about a potential escalation between Iran and Israel following a quiet weekend with no significant updates. Brent crude stayed steady at $87 per barrel, whereas WTI crude dropped by over 1% to $81.9 per barrel
read more... 23/04/2024
EU’s 2050 net zero goals at risk as EV rollout faces setbacks
The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as electric vehicles (EVs) remain unaffordable and alternative fuel options are not credible, the EU’s external auditor said, jeopardising its 2050 climate goals.
read more... 23/04/2024
Approval granted for doubling capacity of UK offshore wind farms
The UK Secretary of State for Energy Security and Net Zero has granted development consent for the Sheringham Shoal and Dudgeon Extension Projects off the North Norfolk coast.
read more... 23/04/2024
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National Grid launches Viking Link interconnector between UK and Denmark
National Grid, a British electricity and gas utility, has formally launched the 1.4GW Viking Link Interconnector project, a subsea cable connecting UK and Denmark electricity grids.
read more... 22/04/2024
Daily (19.04.2024): Energy complex recovered on Thursday amid persisting geopolitical concerns
Brent crude declined for the fourth straight session on Thursday, influenced by stability in the Middle East and potential actions by the US government to stabilize oil prices. Brent crude closed at $87.11 per barrel, while WTI crude remained unchanged at $82.73 per barrel.
read more... 19/04/2024