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EU Parliament passes bill hiking renewable energy targets
European Union lawmakers gave their final approval on Tuesday to legally binding targets to expand renewable energy faster this decade, a central part of Europe's plans to curb climate change and shift away from fossil fuels.
read more... 13/09/2023
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Europe's high gas prices hit industrial output
Europe's gas consumption is down by between 10% and 15% compared with the decade before Russia's invasion of Ukraine, as high prices enforce a sharp reduction in fuel use especially by energy-intensive manufacturers.
read more... 13/09/2023
BP commits to Germany with $11 billion low-carbon investment push
BP plans to invest up to 10 billion euros ($10.7 billion) in low-carbon fuels, renewables and EV charging in Germany by the end of the decade to rival local power firms, as competition over the energy transition of Europe's largest economy intensifies.
read more... 13/09/2023
Daily (12.09.2023): German spot power surged dramatically by 44% due to the initiation of labor strikes at Chevron's LNG production facilities
Crude oil prices remained relatively steady as they appeared to have reached a point of equilibrium due to the combination of declining demand and reduced OPEC production. Hence, Brent crude traded at $90.64 a barrel. Meanwhile, U.S. WTI edged 0.3% lower at $87.29 a barrel.
read more... 12/09/2023
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Europe's solar industry warns of bankruptcy risk as prices drop
Europe's solar power industry warned on Monday of a "precarious" situation for European solar photovoltaic (PV) manufacturers as solar PV prices reached record lows.
read more... 12/09/2023