Latest news
US awards $1.2 billion to Oxy, Climeworks-led carbon air capture hubs
The U.S. Department of Energy on Friday announced that projects in Texas and Louisiana to remove more than 2 million metric tons of carbon emissions per year will get over $1 billion in federal grants, a key step in scaling up direct air capture (DAC) technology.
read more... 14/08/2023
Daily (11.08.2023): Gas prices retreated on Thursday amid hopes that a potential strike at an Australian LNG facility could be averted
Oil prices decreased due to a technical adjustment and concerns about the global economic outlook on Thursday. Recent data revealed that US core inflation increased to 3.2% in the previous month, a slight rise compared to June. The increase triggered speculation about the possibility of the Federal Reserve implementing another interest rate increase. As a result, Brent crude fell by 1.3% to $86.40 a barrel, while WTI crude declined by 1.9% to settle at $82.82 a barrel.
read more... 11/08/2023
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German gas price cap to cost less than assumed
Germany’s cap on gas bills is likely to cost the government EUR 13.1bn, only around a third of what Berlin had budgeted, the Ifo Institute for Economic Research said on Wednesday.
read more... 11/08/2023
€5bn Czech scheme to support energy producers given EU greenlight
Under the measure, subsidised loans will be provided to large energy producers to meet the collateral requests in the energy trading markets
read more... 11/08/2023
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Swedish regulator proposes framework for expansion of nuclear
Sweden's Radiation Safety Authority (SSM) has presented its final report to the government on how the regulatory framework for nuclear power should be developed and what other measures may be needed for nuclear power to be expanded in the country.
read more... 11/08/2023