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Daily (22.07.2024) Energy prices declined on Friday amid a global IT outage that disrupted trading activities
Oil prices fell on Friday due to China's faltering economy and a major computer crash. As a result, Brent crude decreased by 3%, closing at $82.63 a barrel, while WTI crude lost more than 3%, settling at $80.13 a barrel.
read more... 22/07/2024
Confusion on France’s renewable commitments in national energy, climate plan
France’s surprise inclusion of a 2030 target for renewable energy production in its energy and climate plans appeared to diffuse a long dispute with the European Commission, but experts are struggling to understand what the new figures actually mean.
read more... 22/07/2024
German government approves green subsidy cuts in budget
The German government approved on Wednesday a tightening of the threshold for the payment of subsidies to units when power prices turn negative, while confirming a complete end to state support from 2038 for green energy.
read more... 18/07/2024
Daily (17.07.2024) European spot electricity prices surged due to decreased wind energy generation.
Oil prices continued to decline on Tuesday, weak economic signals from China, the world's largest crude oil importer. Consequently, Brent crude decreased by just over 1.3% to end at $83.73 a barrel, while WTI crude fell by 1.4% to settle at $80.76 a barrel.
read more... 17/07/2024
Serbia signs MoU to develop domestic nuclear industry
Serbia’s Minister of Mining and Energy, representatives of five other ministries, and 20 academic faculties, energy companies and scientific institutes have signed a memorandum of understanding (MOU) on the development of nuclear energy in Serbia.
read more... 17/07/2024