Latest news
Honda-GM Ditch $5B Plan To Jointly Develop Affordable EVs
As GM redirects its focus toward making a profit amid grim earnings outlooks, strikes and rising costs, the U.S. auto giant has announced it is ditching a $5-billion plan to develop affordable EVs in partnership with Honda.
read more... 26/10/2023
Daily (2.05.2023): Crude prices rose by about 2% on Friday amid stronger U.S. oil demand and lower output
Crude oil prices gained ground on Friday after energy firms posted positive earnings and US data showed crude output was declining, while fuel demand was growing. Hence, Brent crude rose by 1.5% to settle at $79.54 a barrel. Meanwhile, US WTI crude increased by 2.7% to $76.78 a barrel.
read more... 02/05/2023
German parliament approves windfall tax
Germany's Bundestag has approved the introduction of a windfall levy on excessive earnings from renewable energy generation as part of a package of measures meant to cap gas and electricity prices through April 2024.
read more... 20/12/2022
Russia sees 38% rise in energy export earnings this year
Higher oil export volumes, coupled with rising gas prices, will boost Russia's earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters.
read more... 18/08/2022
UK to impose 25% 'windfall tax' on North Sea oil and gas, double investment relief
The UK is to impose a 25% 'windfall' levy on earnings from North Sea oil and gas production while doubling relief on investments in the sector in an "emergency" temporary measure to support the population in the face of surging energy and living costs, finance minister Rishi Sunak said May 26.
read more... 27/05/2022