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Daily (15.03.2024): Oil prices rose to four-month highs on Thursday amid supply shortage worries
Oil prices increased by about 2% on Thursday, hitting their highest level in four months, boosted by new forecasts from the International Energy Agency (IEA) warning of potential supply shortages until year-end. The EIA report also revealed a notable 5.7-million-barrel decrease in gasoline stocks, the steepest decline since early November. Thus, the Brent crude oil stood at $85.42 a barrel, while WTI crude settled at $81.26 a barrel.
read more... 15/03/2024
Romania delays adoption of energy and climate plan, casts doubt on renewable targets
The Romanian government will neither adopt its National Integrated Energy and Climate Change Plan before the expected 30 June deadline nor will the country meet the EU’s renewable energy targets, an energy ministry official said on Thursday.
read more... 15/03/2024
Germany aims to build fusion power plant
A new funding programme for nuclear fusion research has been announced by Germany's Federal Research Minister Bettina Stark-Watzinger aimed at paving the way for the first fusion power plant to be constructed in Germany by 2040.
read more... 15/03/2024
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UK offers cash bonuses for green wind investments
The UK Government plans to encourage offshore wind companies to cut their carbon footprint by providing extra payments in Allocation Round 7 of the Contracts for Difference scheme, scheduled to launch in 2025
read more... 15/03/2024
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Germany approves gas deal with Italy, Switzerland
Germany’s cabinet on Wednesday approved a trilateral “solidarity” agreement with Italy and Switzerland, through which the nations agreed to support each other during a potential gas supply crisis.
read more... 14/03/2024