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Daily (06.06.2024): Gas and power prices declined on Wednesday amid ample supply and rising Norwegian flows
Oil prices increased on Wednesday due to U.S. macroeconomic data suggesting a slowdown, which renewed expectations for Fed rate cuts that might enhance oil demand. Furthermore, improved economic data from China, indicated by a higher PMI Services index, also supported prices. Consequently, Brent crude climbed by 1%, closing at $78.41 per barrel.
read more... 06/06/2024
Finland could reach 26 GW offshore wind by 2050
Finland could develop 15-26 GW of offshore wind capacity by 2050, though such a high growth level depended on a massive roll-out of electrolysers for green hydrogen production, the environment ministry said on Wednesday.
read more... 06/06/2024
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Spain may fall short of 2030 solar target without batteries
Spain will likely miss its 2030 solar target if it fails to make regulatory changes boosting storage deployment, several experts said on Wednesday.
read more... 06/06/2024
SMRs alliance unveils their roadmap up to early 2025
The SMR Industrial Alliance used their General Assembly last week to define a work plan for the rest of 2024, establishing eight working groups to deliver on their objectives.
read more... 06/06/2024
Daily (05.06.2024): European carbon prices declined by 3% on Tuesday amid bearish gas prices
Oil prices extended losses on Tuesday, with the market remaining tense over the prospect of a gradual increase in OPEC+ production this autumn. As a result, Brent crude settled at $77.56 per barrel, while WTI crude stood at 73.25 per barrel, with both contracts falling by over 1% day-on-day.
read more... 05/06/2024