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Daily (29.05.2024): Gas and power prices lost ground on Tuesday amid profit-taking and steady flows
Oil prices extended their gains on Tuesday as investors anticipated an extension of production cuts at the upcoming OPEC+ meeting. Escalating geopolitical tensions further supported prices. Hence, Brent crude settled at $84.22 per barrel, while WTI Crude stood at $79.83 per barrel, with both contracts rising by 1.4% day-on-day.
read more... 29/05/2024
Europe faces new China dilemma amid flagging hydrogen dreams
Europe’s electrolyser manufacturers are ceding ground to Chinese competitors, putting pressure on politicians to shield the emerging industry using the EU’s new industry law.
read more... 29/05/2024
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Nuclear to make up 10% of Italy’s energy mix by 2040
Italy will include nuclear in its national energy and climate plan (NECP), with projections it could comprise about 10% of the country’s total installed capacity by 2040, an energy ministry official said on Tuesday.
read more... 29/05/2024
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EU approves €3.2bn Czech scheme to support high-efficiency CHP plants
The European Commission has approved a €3.2bn Czech state aid scheme to support electricity production from high-efficiency combined heat and power (CHP) plants.
read more... 29/05/2024
Daily (28.05.2024): Oil prices gained over 1% on Monday ahead of the OPEC meeting this week
Oil prices increased by over 1% on Monday, impacted by forecasts of extended production cuts ahead of OPEC+ meeting. Hence, Brent crude stood at $83.10 per barrel, while WTI crude settled at $78.72.
read more... 28/05/2024