On Thursday, oil prices were rather stable following a significant decline the previous day. The market anticipation grew regarding the likelihood of the United States replenishing its strategic crude reserves due to these reduced-price levels. Hence, Brent crude edged 0.3% up at $83.67 per barrel, while WTI crude was rather stable to bearish at $78.95 per barrel.
read more... 03/05/2024
Regulator Ofgem is set to unveil the new energy price cap on 24th May, which could see average household bills drop by over £100.
read more... 03/05/2024
Oil prices experienced a significant decline on Wednesday due to various signs indicating subdued demand, especially with the upcoming US travel season. Consequently, Brent crude tumbled by 5% to settle at $83.44 per barrel, and WTI crude dropped by 3.6% to close at $79 per barrel.
read more... 02/05/2024
The European Commission announced on Tuesday (30 April) the winners of its first auction to allocate subsidies for hydrogen production, with most of the €720 million awarded going to projects in the Iberian peninsula.
read more... 02/05/2024
UK Power Networks Distribution System Operator (UKPN DSO) has launched a new scheme to allow almost 1GW of new power generation projects to receive fast-track connection to the UK grid.
read more... 02/05/2024