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Daily (04.06.2024): Brent oil price settled below $80 a barrel on Monday for the first time since the beginning of February
Oil prices tumbled by about 4% on Monday, as the market resented OPEC+'s decision on Sunday to start phasing out part of its production cuts from October, with global demand concerns continuing to weigh on prices. Hence, Brent crude stood at $78.36 per barrel, while WTI crude closed at 74.22 per barrel.
read more... 04/06/2024
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Germany’s BNetzA outlines seven grid connections to transport wind power
Federal network agency the Bundesnetzagentur (BNetzA) has set out seven routes for future grid connections to be constructed by German transmission system operators (TSOs) to facilitate the transmission of wind power.
read more... 04/06/2024
Japan, EU agree to work on creating hydrogen demand and supply
Japan and the European Union on Monday agreed to work together on policies related to creating demand and supply for clean hydrogen as well as to cooperate in advancing technologies to develop the new fuel, a joint statement said.
read more... 04/06/2024
Swedish county advises government to approve OX2 Aurora project
The County Administrative Board of Gotland has decided to recommend the Swedish government to grant a permit for the 5.5GW Aurora offshore wind farm being developed by OX2 and Ingka Investments.
read more... 04/06/2024
Daily (03.06.2024): European carbon prices declined by 2% on Friday, in tandem with bearish natural gas prices despite a strong auction result
Oil prices fell on Friday as investors repositioned ahead of the weekend and an anticipated OPEC+ meeting expected to discuss the extension of production cuts. Consequently, Brent crude settled at $81.62 per barrel, a 0.3% decline from the previous day, while WTI crude dropped by 1.2% to close at $76.99 per barrel.
read more... 03/06/2024