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Pro-nuclear group calls for equal EC treatment in funding
A group of 12 pro-nuclear EU countries led by France has called on the European Commission to support the equal usage of nuclear energy in the green transition, the French energy ministry said on Wednesday.
read more... 13/07/2023
Germany more flexible on hydrogen transition, emphasises speed
Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and allowing greater leeway in transitioning from fossil fuels-based variants to renewables, a draft paper showed on Wednesday.
read more... 13/07/2023
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Spain's EU power market reform draft includes subsidies for existing plants
Spain has proposed state aid for existing power plants, but with limits to avoid market distortions, in a bid to end a stalemate over reform of the European Union's electricity market, according to a draft seen by Reuters on Wednesday.
read more... 13/07/2023
Daily (12.07.2023): Oil prices rose by over 2% on Tuesday as production cuts by OPEC+ offset worries about the global economic outlook
Oil prices rose on Tuesday as production cuts by OPEC+ and a slight decline in the value of the US dollar counterbalanced worries about the global economic situation, which included indications of reduced demand from China. Thus, WTI crude traded 2.5% higher at $74.83 a barrel, while Brent crude increased by 2.2% to settle at $79.40 a barrel.
read more... 12/07/2023
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Spain makes new proposal for EU power market reform as seeks deal
Spain has drafted a new proposal on the reform of the European Union's electricity market as it seeks to push the bloc towards an agreement in principle by the end of July, two people familiar with the matter said on Tuesday.
read more... 12/07/2023