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Portugal's renewable energy production hit new record in 2023
Renewable power sources supplied 61% of Portugal's electricity in 2023, up from 49% a year earlier, hitting a new record thanks to periods of heavy rains, strong winds and good doses of sunshine, grid operator REN said on Tuesday.
read more... 03/01/2024
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OPEC’s Influence on Oil Prices To Remain Significant In 2024
At their latest meeting in early December, the Organization of Petroleum Exporting Countries and its partners, led by Russia, agreed to reduce their combined production of crude oil to some 2.2 million barrels daily.
read more... 02/01/2024
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Global nuclear power faces unprecedented challenges
The global nuclear industry is in dire straits as production hits its lowest point in four decades and economic pressures mount.
read more... 12/12/2023
Nuclear's share of world power output at multi-decade low
Global electricity production from nuclear energy dropped by 4% last year from 2021, with the technology's share of gross electricity generation falling to its lowest since the 1980s, an industry report showed on Wednesday.
read more... 07/12/2023
Daily (05.12.2023): The energy complex was bearish on Monday amid milder weather, robust LNG supply
On Monday, oil prices continued to decline for the third consecutive day following OPEC+'s announcement of new production cuts. This reaction adds complexity to the situation for the cartel, which is facing diminishing ammunition. Hence, Brent crude retreated by about 1%, settling at $78.03 per barrel, while WTI crude fell by over 1%, standing at $73.04 per barrel.
read more... 05/12/2023