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Volkswagen boosts electric car investment in Spain to 10 bln euros
German carmaker Volkswagen AG and partners will invest 10 billion euros ($10.6 billion) to make electric vehicles and batteries in Spain, its chief executive said on Thursday, 3 billion euros more than it had previously committed.
read more... 06/05/2022
Daily (05.05.2022): Oil prices rose following EU proposal to ban imports of Russian crude
Oil prices jumped, as European Union proposed a ban on imports of Russian crude within six months and on refined oil products from the country by year-end. Consequently, Brent crude surged by 4.9% to $110.14 a barrel, and WTI crude oil soared by 5.2% to $107.81 a barrel.
read more... 05/05/2022
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Swiss preparing for possible 'severe' electricity and gas shortages
The Swiss government is setting up a gas sector crisis intervention group and a monitoring system for early detection of an impending electricity shortage, it said on Wednesday, as it prepares for the possibility of "severe" power shortages.
read more... 05/05/2022
Norwegian developer plans up to 6GW Swedish floater
Norwegian developer Deep Wind Offshore is consulting on an up to 6GW floating offshore wind farm planned for the Baltic Sea off Sweden.
read more... 05/05/2022
EC aims to ban Russian crude imports within 6 months
The European Commission will propose to end Russian crude oil imports to the EU within six months and refined products by the end of the year, its president Ursula von der Leyen said on Wednesday.
read more... 05/05/2022