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Daily (20.10.2023): Oil prices continued their steady rise, surpassing $92 a barrel on Thursday as tensions in the Middle East remain high
Oil prices resumed their rise on Thursday as the ongoing concerns regarding a possible crisis in the Middle East outweighed the potential rise in Venezuelan exports. Thus, Brent crude settled at $92.38 per barrel, while WTI crude ended at $89.37 per barrel, both contracts trading 1% down day-on-day.
read more... 20/10/2023
France and Germany disagreement on CfDs continues
EU energy ministers are seeking to resolve differences over the use of contracts for difference (CfDs) to support nuclear energy investment on Tuesday. Some countries support the initiative as they see CfDs as key to incentivising investment in an industry with uncertain rates of return on capital. Others believe CfDs will disrupt the pricing mechanism for energy markets in Europe.
read more... 18/10/2023
French government earmarks €4 bln for low-carbon hydrogen
The French government will release €4 billion in subsidies in the form of public-private contracts for the development of low-carbon hydrogen projects as part of the country’s updated national hydrogen strategy.
read more... 01/09/2023
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Dutch grid company awards $25bn in contracts to connect North Sea wind farms to shore
Dutch state-owned grid company TenneT has awarded 11 contracts worth a combined total of $25bn (€23bn) for the development of systems connecting wind farms in the North Sea to shore.
read more... 31/03/2023
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Finance risk could limit EU’s joint gas buying plans
Companies’ ability to use the EU’s joint gas buying platform could be limited by lack of access to the financial guarantees needed to underpin contracts, European Commission vice president Maros Sefcovic said on Tuesday.
read more... 29/03/2023