Latest news
Global energy demand to rise 23% by 2045
Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on Tuesday.
read more... 12/07/2023
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Construction of first UK-Germany direct power link gets underway
NeuConnect, the first direct power link between the UK and Germany, achieved a key milestone this week by signing a licence agreement with The Crown Estate.
read more... 12/07/2023
Daily (11.07.2023): Oil prices slipped by 1% on Monday amid ongoing concerns about global economy
On Monday, crude oil prices decreased amid continued global macroeconomic concerns. Sluggish economic recovery in China combined with ongoing macro uncertainty in the US outweighed production cuts from both Saudi Arabia and Russia. Thus, Brent crude slipped by 1% to settle at $77.69 a barrel. Meanwhile, WTI crude dropped by 1.2% to end at $72.99 a barrel.
read more... 11/07/2023
Pro-nuclear energy EU states ask for 'level playing field' with renewables
A group of pro-nuclear EU countries led by France will present a paper to the European Commission on Tuesday asking for a "level playing field" for nuclear energy in the bloc's fight against climate change, a draft of the paper seen by Reuters showed.
read more... 11/07/2023
UK explores ‘locational pricing’ to green grid and lower energy bills
The UK Government is currently exploring the possibility of implementing locational pricing for electricity.
read more... 11/07/2023