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European spot power prices fell on Thursday due to stronger renewables generation
Oil prices fell slightly on Thursday, due to concerns over global trade wars, particularly the escalating U.S.-China trade conflict, which could slow global GDP growth and reduce oil demand. Thus, Brent crude edged 0.4% lower, closing at $74.29 per barrel. WTI crude slipped by 0.6%, settling at $70.61 per barrel.
read more... 07/02/2025
UK expands nuclear power plans with SMRs and regulatory reforms
The UK government has announced a shift in its nuclear energy policy to approve additional nuclear power plants across England and Wales.
read more... 07/02/2025
Egypt signs $3 billion LNG deals with Shell and TotalEnergies
Egypt has signed deals worth about $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.
read more... 07/02/2025
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Industrial electrification key to Europe’s green renewal, but market simplification still needed
As Europe approaches the first anniversary of the landmark Antwerp Declaration, the challenge of industrial electrification remains central to the continent's decarbonisation journey. Its vision for industrial transformation, coupled with the implementation of the Clean Industrial Deal and Electrification Action Plan, has set the stage for crucial discussions about Europe's industrial future.
read more... 07/02/2025
Europe’s renewables market powers battery storage boom
Europe’s battery storage capacity is expected to grow around five-fold by 2030, bringing with it increasing returns for energy majors, project developers and traders, as the cost of new projects falls.
read more... 06/02/2025