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UK will not stop new oil exploration despite IEA climate report
The UK is due to host the U.N. Climate Change Conference (COP26) in Glasgow, Scotland, in November and commissioned the International Energy Agency to chart a path towards net-zero emissions by 2050.
read more... 26/05/2021
Daily (25.05.2021): Oil prices soared by over 3% on Monday amid Iran uncertainty, demand hopes
Crude oil prices had found foothold again at the beginning of the new week amid uncertainty over whether US sanctions on Iran would be lifted and whether Iranian crude would return to the market. Optimism over rising demand globally added further support to oil prices. Hence, Brent crude soared by 3% to settle at $68.46 a barrel. Meanwhile. U.S. WTI crude surged by 3.9% to end at $66.05 a barrel.
read more... 25/05/2021
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Commissioning of 382.7-MW Dutch nearshore wind farm faces delay
The 382.7-MW Fryslan nearshore wind park in the Frisian part of the Ijsselmeer Lake in the Netherlands will become fully operational after the summer season, later than the initial deadline, the project developer said today.
read more... 25/05/2021
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Czech government to look at speedier coal exit than 2038 target
The Czech government has sent back a recommendation to phase out coal by 2038 to a state commission to examine an earlier exit, the Industry Ministry said on Monday, after a split over the target in the ruling coalition.
read more... 25/05/2021
Spain to invest 1.5 bn euros in 'green hydrogen'
Spain will spend 1.5 billion euros ($1.8 billion) from a European Union recovery fund to develop green hydrogen production over the next three years, Prime Minister Pedro Sanchez said Monday.
read more... 25/05/2021