Latest news
JLR opens EV test facility as it gears up for electric cars
JLR said that by testing EVs on site it would minimize the cost of shipping prototype cars around the world.
read more... 25/10/2023
Daily (24.10.2023): Oil prices decreased by over 2% on Monday, in response to reports of US diplomatic efforts to reduce tensions in the Middle East
Crude oil prices moved downwards yesterday, as the markets were optimistic that diplomatic efforts could defuse the conflict in the Middle East. Furthermore, persistent global issues, such as elevated debt levels and instability in the property sector, exerted additional pressure on prices. As a result, Brent crude declined by 2.5% to end at $89.83 a barrel. Meanwhile, U.S. WTI crude traded 2.9% lower at $85.49 a barrel.
read more... 24/10/2023
Pro-renewables EU countries call for more support for green energy
Eleven EU member states have called on the European Commission to help boost renewables, cut red tape, and facilitate the necessary legislation to get projects off the ground in a joint communication sent last week, ahead of the European Wind Power Package, due Tuesday (24 October).
read more... 24/10/2023
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Amid divisions, Italy delays decree aimed at boosting energy security
Italy has failed to approve a decree aimed at promoting the country's energy security, two government officials said on Monday, signalling internal disagreements within the coalition.
read more... 24/10/2023
World oil, gas, coal demand to peak by 2030
World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China's economy grows more slowly and shifts towards cleaner energy, the International Energy Agency said, undercutting the rationale for any rise in investment.
read more... 24/10/2023