Oil prices continued their increase on Thursday, due to escalating unrest in Kazakhstan and supply outages in Libya. Furthermore, rising interest rates and concerns about demand in the US also lent support to prices. Thus, Brent crude futures surged by 1.5% to $81.99 a barrel and West Texas Intermediate (WTI) gained 2.1% at $79.46 a barrel. Both contracts hit their highest since late November.
read more... 07/01/2022
Located north of the island of Juist, in Lower Saxony in Germany, the cluster will consist of three offshore wind farms, which are expected to begin commercial operations between 2026 and 2028
read more... 07/01/2022
The world’s largest coal plant located in Australia declared it would be powered completely by renewable energy, part of a larger plan to decarbonize its business by 2040.
read more... 07/01/2022
The Dutch government expects to increase the amount of gas it allows to be produced from the Groningen gas field to up to 7.6 billion cubic meters (BCM), from an earlier estimate of 3.9 BCM.
read more... 07/01/2022
Crude oil prices rose on Wednesday, on favorable US employment data, as well as a further drop in crude stocks in the United States. As such, Brent oil increased by 1% to $80.80 a barrel and WTI crude gained 1.1% at $77.85 a barrel.
read more... 06/01/2022