Germany’s lower house (Bundestag) late on Thursday approved measures to provide financial support for gas importers and to aid the return of mothballed coal and oil-fired power plants amid the current energy crisis.
read more... 08/07/2022
Germany said Monday it still aimed to close its coal power plants by 2030 despite reverting to the fossil fuel following an energy crisis provoked by Russia's invasion of Ukraine.
read more... 21/06/2022
Oil prices increased slightly in a choppy session on Monday as tight global supplies offset concerns that demand would be stifled by a resurgence of COVID-19 cases in Beijing and more interest rate hikes. Hence, Brent crude rose by 0.2% to settle at $122.27 a barrel. U.S. WTI crude added 0.2% to settle at $120.93 a barrel.
read more... 14/06/2022
Poland’s prime minister vowed Thursday to support higher production at the nation’s coal mines in order to bring down heating and energy prices that have soared amid the war in neighbouring Ukraine and the European Union's efforts to reduce its dependency on Russian energy sources.
read more... 13/06/2022
Germany is planning to use coal-fired power stations which would have been idled this year and next as reserve facilities in case of disruption to gas supplies from Russia, economy ministry sources said on Tuesday.
read more... 25/05/2022