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Challenges persist in EU’s ‘blue energy’ push
Despite some progress, more work is needed in the development of offshore renewable energies to achieve Europe’s ambitious ‘blue’ coastal economy targets, a report by the European Court of Auditors (ECA) found.
read more... 20/09/2023
LNG crucial to German energy strategy
Germany must strengthen rather than abandon the liquefied natural gas (LNG) capability built last year to retain energy diversity in the face of continued fragility of supply, a senior economy ministry official told an industry event on Tuesday.
read more... 20/09/2023
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Spain's bulging solar queue spells risk of oversupply, price volatility
A looming grid connection deadline for solar projects in Spain is driving an unprecedented rush to build gigawatts of new capacity, but the solar ramp-up is already having significant cannibalization effects in the country's power market.
read more... 20/09/2023
Daily (19.09.2023): Brent crude price rally continued in full force on Monday, hovering near $95 per barrel
On Monday, crude oil prices gained ground the third consecutive day, hitting the highest level this year amid limited supply and increased demand anticipated in the fourth quarter due to extended production cuts by Saudi Arabia and Russia. China's recent economic stimulus efforts, aimed to revitalize the economy, further bolstered oil prices. Hence, Brent crude edged 0.5% higher at $94.43 a barrel. Meanwhile, U.S. WTI crude gained 0.8% to end at $91.48 a barrel.
read more... 19/09/2023
EU reticent to postpone Brexit tariffs on EVs
The European Union is reticent about agreeing to Britain's plea to postpone looming tariffs on the sale of electric vehicles (EVs) but carmakers remain optimistic a delay can be agreed, Britain's auto industry body said on Monday.
read more... 19/09/2023