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Germany signs initial contract to build first LNG terminal
The German state bank KfW and the Dutch utility Gasunie have signed a memorandum of understanding (MoU) on the construction of the first LNG terminal in Brunsbüttel, Germany.
read more... 07/03/2022
VW picks Wolfsburg for $2.2B EV plant to keep up with Tesla
Volkswagen Group has chosen its headquarters, the central German city of Wolfsburg, as the location for its new factory to buld the Trinity electric flagship sedan for the VW brand.
read more... 07/03/2022
Germany to spend $220 billion for industrial transformation by 2026
Germany has earmarked 200 billion euros ($220 billion) to fund industrial transformation between now and 2026, including climate protection, hydrogen technology and expansion of the electric vehicle charging network, its finance minister said.
read more... 07/03/2022
Daily (07.03.2022): Crude oil surged to new multi-year highs on Friday amid supply fears
Crude oil prices surged to multi-year fresh highs on Friday amid ongoing supply worries as traders avoided buying Russian oil products, outweighing optimism about Iran nuclear deal. Hence, Brent crude spiked by 6.9% to settle at $118.11 a barrel., its highest level since February 2013. U.S. WTI crude soared by 7.4% to end at $115.68 a barrel, its highest finish since September 2008.
read more... 07/03/2022
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Daily (04.03.2022): Oil prices saw a downward correction on Thursday amid hopes of a nuclear deal between Iran and the US
Oil prices retreated from a decade high on Thursday amid hopes of a nuclear deal between Iran and the US. Hence, Brent crude decreased by $2.47, or 2.2%, to settle at $110.46 a barrel. U.S. WTI crude fell by $2.93, or 2.6%, to end at $107.67 a barrel.
read more... 04/03/2022