Crude oil prices declined on Friday amid concerns that supply disruptions in the American Gulf of Mexico would be temporary, while recession worries cast doubt on the prospects for demand. Hence, Brent crude fell by $1.45, or 1.5%, to settle at $98.15 a barrel. U.S. WTI crude dropped by $2.25, or 2.4%, to settle at $92.09 a barrel.
read more... 15/08/2022
China's CATL plans to build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.
read more... 15/08/2022
Switzerland is adding a much needed cog in the wheel to its energy supply with an underground hydropower plant that says it has capacity to store enough electricity to charge 400,000 car batteries simultaneously.
read more... 08/08/2022
The French parliament has agreed emergency gas market measures, including the building of a 50 TWh/year LNG terminal, to secure supply this winter.
read more... 05/08/2022
Russian gas producer Gazprom said on Saturday it had stopped sending gas to Latvia after accusing it of violating supply conditions, a move the Baltic country said would have little impact on its gas supplies.
read more... 02/08/2022