Latest news
Daily (31.01.2023): Energy prices turned bullish again on Monday
Oil prices dropped on Monday as investors are anticipating the US Federal Reserve (Fed) interest rate announcement as well as the conclusion of the OPEC+ meeting. Hence, Brent crude oil has weakened by 2% to settle at $84.90 a barrel. Similarly, U.S. WTI crude ended at $77.90 a barrel, or a 2% daily loss.
read more... 31/01/2023
German cabinet approves EU emergency measures to push renewables expansion
Germany's cabinet on Monday approved measures to accelerate the expansion of wind and solar power by simplifying licensing and setting deadlines for permitting procedures, the economy ministry said.
read more... 31/01/2023
Cepsa, EDP combine green H2 plans at Spain's Algeciras
Portuguese power utility EDP and Spanish refiner Cepsa have combined their plans for green hydrogen production in Algeciras under the latter's Andalucian Green Hydrogen Valley initiative to develop 1GW of electrolysis.
read more... 31/01/2023
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Libya's oil ministry rejects key NOC-Eni gas deal
Libya's oil ministry has rejected the $8bn offshore gas projects deal signed between the country's state-owned NOC and Italy's Eni on 28 January, saying the agreement violates the law and was done without its approval.
read more... 31/01/2023
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Italy's Eni signs $8 billion Libya gas deal as PM Meloni visits Tripoli
Italian energy company Eni and Libya's National Oil Corporation (NOC) signed an $8 billion gas production deal on Saturday aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the North African country.
read more... 30/01/2023