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EU ministers set renewable energy target at 40 percent
EU energy ministers on Monday agreed to increase the share of European energy consumption coming from renewables such as solar or wind power to 40 percent by 2030.
read more... 28/06/2022
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RWE to rethink UK investments if it proceeds with tax on power firms
German utility RWE AG's head has warned that a windfall tax on electricity generators in Britain would make it and other power firms reconsider their investment decisions in the country, the Financial Times reported on Sunday.
read more... 28/06/2022
Daily (28.06.2022): European forward electricity prices rose on Monday amid ongoing supply squeeze fears
Crude oil prices extended gains on Monday as a worsening political crisis in Libya could result in halting exports, exacerbating supply tightness concerns. Hence, Brent crude futures increased by $1.97, or 1.7%, to settle at $115.09 a barrel. U.S. WTI crude added $1.95, or 1.8%, to end at $109.57 a barrel.
read more... 28/06/2022
Daily (27.06.2022): Oil prices increased on Friday due to limited supply
Oil prices increased on Friday due to limited supply but fell for the second consecutive week due to worries that increasing interest rates could cause a global recession. Brent crude rose by 2.8% to settle at $113.12 a barrel. WTI brute increased by 3.2% to $107.62 per barrel.
read more... 27/06/2022
Denmark agrees on massive green capacity boost by 2030
A majority of Danish MPs has agreed on measures to massively boost renewables production by 2030, while also phasing out natural gas for residential heating by 2035, the government said over the weekend.
read more... 27/06/2022