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Daily (02.07.2024): Oil prices rose on Monday, supported by potential US rate cuts and geopolitical tensions
Oil prices were supported on Monday by the prospect of US rate cuts, continuing conflict in the Middle East and the risk of hurricane-related supply disruptions. As a result, Brent crude edged 0.2% up at $86.60 a barrel. WTI crude climbed by 2.3% to settle at $83.38 a barrel.
read more... 02/07/2024
National energy and climate plan: what France risks if it fails to comply
By failing to meet its renewable energy targets for 2020, and refusing to set similar targets for 2030. France risks a heavy fine and the freezing of European funds. But in practice, imposition of penalties seem a long way off.
read more... 02/07/2024
EU's power mix in 2024 the greenest yet, industry data show
Three-quarters of the European Union's electricity has been generated by CO2 emissions-free sources so far this year, making it the bloc's greenest power mix to date, industry data showed on Monday.
read more... 02/07/2024
Renault's EV unit Ampere teams up with LGES, CATL on battery technology
Renault's electric vehicle unit Ampere said on Monday it would include lithium iron phosphate (LFP) technology in its plans to mass produce EVs, teaming up with LG Energy Solution and CATL to build a supply chain in Europe.
read more... 02/07/2024
Daily (01.07.2024): French and German year-ahead power contracts soared on Friday tracking bullish carbon prices
Oil prices ended rather flat on Friday, after hitting their highest level in nearly two months, as traders continued to question the health of global oil demand. Consequently, Brent crude settled at $86.41 a barrel. WTI crude ended slightly lower at $81.54 a barrel.
read more... 01/07/2024