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European Parliament votes for minimal electricity market reform
The European Parliament’s industry committee has put its weight behind a minimal reform of the bloc’s electricity market, paving the way for final negotiations with EU countries to start as soon as possible.
read more... 20/07/2023
Spanish EU Presidency draws criticism on carbon capture technology
Spain, the current holder of the EU Council presidency, has been accused of undermining the adoption of carbon capture and storage (CCS) in Europe following the circulation of a discussion paper that questions the EU’s approach.
read more... 20/07/2023
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Global power demand growth to rebound in 2024 after slowdown
An ongoing energy crisis and an economic downturn is expected to slow global power demand growth in 2023, but a probable rebound in 2024 means more renewable capacity needs to be developed, the International Energy Agency (IEA) said on Wednesday.
read more... 20/07/2023
Daily (19.07.2023): Oil prices rebounded on Tuesday, as the market saw the prospect of an end to US monetary tightening
Oil prices rebounded on Tuesday, as the market saw the prospect of an end to US monetary tightening in the wake of disappointing US indicators, against the backdrop of a slowdown in Russian exports. Consequently, WTI crude advanced by more than 2%, reaching $75.75 per barrel. At the same time, Brent crude also increased by 1.4%, settling at $79.63 per barrel.
read more... 19/07/2023
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Britain opens competition to develop small nuclear plants by the 2030s
Britain on Tuesday opened a competition to develop small modular nuclear reactors (SMRs), and is aiming to see them operating in the country by the early 2030's, according to energy security minister Grant Shapps.
read more... 19/07/2023