Crude oil futures posted minor gains on Tuesday amid evidence that OPEC+ complied 107% of agreed oil output cuts in June. However, surging COVID-19 cases globally and mounting tensions between the U.S. and China continue to weigh on oil prices. Hence, Brent crude added 18 cents, or 0.4%, to close at $42.90 a barrel. At the same time, U.S. WTI crude rose by 19 cents, or 0.5%, to settle at $40.29 a barrel.
read more... 15/07/2020
Russian nuclear energy corporation Rosatom said on Thursday that it has signed memorandums of understanding (MoU) with France's Framatome and US-based General Electric Steam Power to submit a joint bid for taking part in the tender for construction of Belene nuclear power plant (NPP) in Bulgaria.
read more... 19/06/2020
Russian Energy Minister Alexander Novak said on Friday he expected oil production cuts by countries outside of the OPEC+ group to amount to 5 million barrels per day (bpd).
read more... 13/04/2020
The French Ministry for the Ecological and Inclusive Transition has procured approximately 750MW of wind and 630MW of ground-mounted photovoltaic capacity in its latest round of tenders.
read more... 03/04/2020
A hydrogen economy powered by vast amounts of renewables could meet a quarter of the world’s energy needs by 2050 – but will need $11 trillion of spending on infrastructure and a $150bn subsidy kick-start, said BloombergNEF.
read more... 31/03/2020