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Norway to avoid power supply deficit next 5 years
A slowdown in electricity consumption growth means Norway is likely to maintain a surplus in power supply in the next five years, albeit one that narrows from 20 TWh this year to 4 TWh in 2028, energy agency NVE said on Monday.
read more... 15/08/2023
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IEA forecasts slower global oil demand growth in 2024
World oil demand growth will slow next year compared with this year when a record 102.2m bbl/day of crude oil will be consumed, the International Energy Agency said on Friday.
read more... 15/08/2023
Daily (14.08.2023): Oil prices climbed on Friday amid IEA's forecasts of record global demand in 2023
Oil prices rose for the seventh week in a row on Friday, driven by recent projections from the International Energy Agency (IEA) regarding global oil demand growth in 2023. The IEA's monthly report indicates that demand is set to reach a historic high of 102.2 million barrels per day, making it the highest level ever recorded. Consequently, Brent crude increased by 0.5% to $86.81 a barrel, while WTI crude advanced by 0.4% to settle at $83.19 a barrel.
read more... 14/08/2023
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Germany economy ministry supports 'fair' distribution of wind power expansion costs
Germany's economy ministry is in favour of distributing the network costs of expanding renewable energies "fairly" among the country's federal states, a spokesperson for the ministry said on Sunday.
read more... 14/08/2023
Associations push government to extend £400 energy bill support
A consortium of more than 30 prominent housing associations has appealed to government officials to reopen the Energy Bill Support Scheme.
read more... 14/08/2023