Oil prices were volatile on Tuesday, as the market is still processing China's bad economic data. Consequently, Brent crude edged 0.1% lower at $94.65 a barrel. However, WTI oil rose by 2.1% to $88.37 a barrel, following OPEC+ agreement and his allies to cut the output by 2 million barrels per day.
read more... 02/11/2022
The United States and United Arab Emirates have reached an agreement to spend $100 billion on clean energy projects with a goal of adding 100 gigawatts globally by 2035, U.S. Secretary of State Antony Blinken said on Tuesday.
read more... 02/11/2022
German Chancellor Olaf Scholz said on Thursday he believed EU states could find a solution to contain speculative spikes in gas prices, while Greece urged EU energy ministers to reach agreement on the issue when they meet next month.
read more... 28/10/2022
Mercedes-Benz has struck a preliminary agreement with an offshore wind provider to supply electricity equivalent to 25% of its demand in Germany from 2027 onwards, a spokesperson for the carmaker said on Monday.
read more... 19/10/2022
The Czech Republic and Germany are close to reaching an agreement on sharing gas in times of emergency, Czech Industry Minister Jozef Sikela said on Monday, as the countries seek to bolster energy security amid dwindling supplies of Russian gas.
read more... 18/10/2022