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Daily (25.06.2024): EUAs declined on Monday, hitting an 8-week low amid stable gas market and milder weather
Oil prices climbed on Monday, buoyed by hopes of stronger demand in the United States, which is betting on a drop in crude inventories over the summer, and by geopolitical risks. As a result, Brent crude increased by 1%, settling slightly above $86 a barrel, while WTI crude gained over 1% to end at $81.63.
read more... 25/06/2024
EU okays €3 billion German scheme in support of hydrogen network project
The European Commission (EC) has approved, under European Union (EU) State aid rules, an estimated €3 billion German scheme to support the construction of the Hydrogen Core Network (HCN), which is set to be the backbone of long-distance transport pipelines for hydrogen in Germany and part of the European hydrogen backbone connecting several member states.
read more... 25/06/2024
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EU solar generation to double global average in June
June is set to be a milestone month for solar generation in the EU, with the solar share of electricity expected to reach more than double the global average for this month, said think tank Ember on Friday.
read more... 25/06/2024
Committee to evaluate nuclear power option for Norway
The Norwegian government has appointed a committee to conduct a broad review and assessment of various aspects of a possible future establishment of nuclear power in the country. It must deliver its report by 1 April 2026.
read more... 25/06/2024
Daily (24.06.2024): Gas prices dropped on Friday on the back of easing supply concerns
On Friday, oil prices retreated, weighed by a strong dollar and weakening economic activity in the Eurozone. Nonetheless, investors remain vigilant about the geopolitical risks in the Middle East. Hence, Brent crude edged 0.6% lower, reaching $85.24 a barrel. WTI crude slipped by about 0.7% to settle at $80.73.
read more... 24/06/2024