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Daily (25.07.2024): Oil prices rose by about 1% on Wednesday amid significant decline in U.S. crude stocks
Oil futures prices increased on Wednesday, buoyed by significant drops in U.S. crude and fuel stocks. Brent crude oil traded 0.9% higher at $81.71 a barrel, while the WTI edged by 0.8% higher at 77.59 a barrel.
read more... 25/07/2024
German government signs off on hydrogen import strategy
Germany's government on Wednesday adopted a strategy for the import of hydrogen to help secure sustainable energy supply as it embarks on creating fossil fuel alternatives for large parts of its industry.
read more... 25/07/2024
Britain's GB Energy to work with Crown Estate on clean energy projects
Britain's new state backed power company GB Energy will work with the Crown Estate to boost investment in and help develop clean energy projects, the government said on Thursday.
read more... 25/07/2024
RWE and TotalEnergies Join Forces to Develop Offshore Wind in the Netherlands
RWE and TotalEnergies have joined forces to deliver the OranjeWind offshore wind project in the Netherlands. The project features an installed capacity of 795 MW, and marks the first system integration project in the Dutch market. Each partner holds a 50% stake in the venture, with RWE leading the development, construction, and operation of the wind farm.
read more... 25/07/2024
Daily (24.07.2024) : Oil prices fell on Tuesdays as ceasefire talks ease supply concerns
Oil prices continued to decline on Tuesday amid an uncertain global demand outlook. Consequently, Brent crude fell by nearly 1.7%, closing at $81.01 a barrel, while WTI crude dropped just below 2%, settling at $76.96 a barrel.
read more... 24/07/2024