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1.6 million UK homes joined scheme to cut winter power demand
Some 1.6 million British homes signed up to a scheme paying them to cut electricity use to help prevent power shortages last winter, saving over 3,300 megawatt hours (MWh) of electricity, National Grid said on Wednesday.
read more... 12/05/2023
Daily (10.05.2023): European carbon prices extended gains for the third day in a row, boosted by bullish sentiment and moderate volume
On Tuesday, oil prices marked a third consecutive day of gains, led by a U.S. report that slightly boosted its outlook for global demand for refined products. Thus, Brent crude added 0.6% to settle at $77.44 a barrel. WTI crude advanced by around 0.8% to $73.71 a barrel.
read more... 10/05/2023
Daily (03.05.2023): Brent crude fell to the lowest level since March 24
Crude oil prices slumped to their lowest levels since March 24 on increased fears over demand due to poor Chinese economic. Meanwhile, the US Federal Reserve is likely to raise rates by 25 basis points, boosting concerns about economic instability in the United States. Hence, Brent crude plunged by 5% to settle at $75.32 a barrel. WTI crude plummeted by more than 5% to $71.66 a barrel.
read more... 03/05/2023
Daily (2.05.2023): Crude prices rose by about 2% on Friday amid stronger U.S. oil demand and lower output
Crude oil prices gained ground on Friday after energy firms posted positive earnings and US data showed crude output was declining, while fuel demand was growing. Hence, Brent crude rose by 1.5% to settle at $79.54 a barrel. Meanwhile, US WTI crude increased by 2.7% to $76.78 a barrel.
read more... 02/05/2023
Energy crisis drives EU institutions to cut down on energy use, go solar
The energy crisis and pressure to reduce consumption following the invasion of Ukraine have driven further demand cuts as EU institutions join efforts to cut energy use and emissions.
read more... 02/05/2023