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Daily (14.08.2024): Oil prices drop by 2% on Tuesday amid concerns over weak US and Chinese crude demand
Oil prices declined by 2% on Tuesday, as concerns over weak US and Chinese crude demand outweighed the impact of rising Middle East tensions. Brent crude closed at $80.69 a barrel, while WTI settled at $78.35 a barrel.
read more... 14/08/2024
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Financing model proposed for new Swedish reactors
A Swedish government study has proposed that state aid be given to companies for investments in new nuclear power following an application procedure. It says a new legislative act should regulate conditions for receiving the support, the support measures, and what an application must contain.
read more... 14/08/2024
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Celtic Sea wind plan to power 4.5m UK homes unveiled
The Electricity System Operator (ESO) has revealed a proposed network design to connect up to 4.5GW of floating offshore wind energy from the Celtic Sea to the South Wales and South West England electricity grid.
read more... 14/08/2024
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Italy could unlock 2 GW if hydropower auctions scrapped
The additional capacity could be added through maintenance and upgrades, said Paolo Taglioli, head of hydropower association Assoidroelettrica, with existing concessions likely to become perpetual.
read more... 14/08/2024
Daily (13.08.2024): European carbon prices surged to 10-week high on Monday, driven by compliance buying and strong gas markets
Oil prices soared on Monday, marking a sixth consecutive day of gains, driven by potential supply disruptions in the Middle East. Brent crude climbed by over 4%, settling at $80.06 per barrel, while WTI rose by more than 3%, closing at $82.30 per barrel.
read more... 13/08/2024