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Daily (20.06.2023): European long-term power and gas prices have stabilised on Monday
On Monday, crude oil prices slipped amid increased concerns about oil demand following China's decision to reduce its benchmark lending rate. Hence, Brent crude and WTI crude decreased by 0.7% to settle at $79.09 a barrel and $71.31 a barrel, respectively.
read more... 20/06/2023
EU countries fail to agree energy reforms after coal subsidy clash
European Union countries failed on Monday to agree on planned new rules for the bloc's power market, having clashed over a proposal to extend subsidies for coal plants under the reform, and a push to expand state aid for other power plants.
read more... 20/06/2023
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Shell-led Dutch wind farm delivers first electricity
The first electricity has been produced from the large Hollandse Kust Noord offshore wind farm, companies running the project said on Monday.
read more... 20/06/2023
Europe in danger of losing EV battery race
Europe is in danger of losing the race to become a global battery powerhouse as access to raw materials remains a major roadblock along with rising costs and fierce competition, a report by the European Court of Auditors (ECA) said on Monday.
read more... 20/06/2023
Daily (19.06.2023): Crude oil prices extended gains on Friday amid stronger demand from China
Crude oil prices extended gains on Friday amid stronger demand from China. Ahead of a long weekend in the US, WTI crude traded 1.6% higher at $71.78 a barrel. Brent crude increased by 1.2% to settle at $76.61 a barrel.
read more... 19/06/2023