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German gas levy limbo raises risk of higher costs for edgy neighbours
The collapse of Germany's governing coalition risks delaying a draft law on waiving a costly gas storage levy for foreign buyers from next year and raising tension with European neighbours that face higher prices.
read more... 05/12/2024
Daily (04.12.2024) : Oil prices rose on Tuesday due to a possible delay in the planned OPEC+ production increase
Oil prices increased by around 2.5% on Tuesday due to a possible delay in the planned OPEC+ production increase, in response to market imbalance risks for 2025. Brent crude ended at $73.62 per barrel, while WTI crude closed at $69.94 per barrel.
read more... 04/12/2024
European Commission favours more EU funds for electric vehicles sector
The European Commission called on Tuesday for an additional 1 billion euros ($1.1 billion) of EU funds to be made available to support electric vehicle battery cell manufacturing, as the EV sector shows signs of pressure.
read more... 04/12/2024
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German stakeholders doubt power plant strategy passing
The collapse of the German government on 6 November has led to uncertainty over the future of Germany's power market, particularly with regard to the passing of the power plant strategy (KWSG) before federal elections scheduled for 23 February.
read more... 04/12/2024
Second European Hydrogen Bank auction with €1.2 billion budget is officially open
The European Commission (EC) has officially opened the second auction under the European Hydrogen Bank, via the Innovation Fund (IF24), to allocate €1.2 billion from EU Emissions Trading System (ETS) revenues to support producers of hydrogen categorized as Renewable Fuel of Non-Biological Origin (RFNBO) located in the European Economic Area (EEA).
read more... 04/12/2024