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Daily (11.04.2023): Crude oil prices retreated by 1% on Monday amid thin holiday trading
Crude oil prices retreated on Monday as markets cautiously reopened after the holiday weekend and session volumes stayed low due to the closed European markets. Hence, Brent crude declined by 1% compared with Thursday’s session to close at $84.18 a barrel. Meanwhile, U.S. WTI crude decreased by 1% to settle at $79.74 a barrel.
read more... 11/04/2023
Britain's Harbour Energy, BP to develop Viking CCS project
Harbour Energy, Britain's largest oil and gas producer, said on Tuesday it has entered into an agreement with BP to develop the Viking CCS transportation and storage project.
read more... 11/04/2023
Finland's Gasum targets 7 TWh of RNG annually by 2027
Finnish state-owned energy company Gasum Oy wants to pay more attention to renewable natural gas and electricity as part of its new five-year strategy and has set itself the goal of providing 7 TWh of biogas annually to the Nordic region by 2027.
read more... 11/04/2023
Government urged to launch National Energy Guarantee
The government‘s support for energy bills has “failed” households and by April 2024 even the existing “inadequate” support will be gone, leaving bills potentially 70% above pre-crisis levels.
read more... 11/04/2023
Tesla to build Shanghai factory to make Megapack batteries
Tesla Inc is opening a factory in Shanghai, capable of producing ten thousand Megapack energy product per year, to supplement output of Megapack factory in California, the company said in a tweet on Sunday.
read more... 10/04/2023