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EU wind and solar growth displaces fossil fuel generation
Wind and solar power generation in the European Union increased by 46% from 2019, when the current European Commission took office, to 2023, displacing a fifth of the bloc's fossil fuel generation, a report by think tank Ember showed.
read more... 03/06/2024
European Commission approves up to €1.4 billion for fourth hydrogen IPCEI
The European Commission has approved, under EU State aid rules, a fourth Important Project of Common European Interest (IPCEI) to support research, innovation and the first industrial deployment in the hydrogen value chain. Seven member states will provide up to €1.4 billion in public funding, which is expected to unlock an additional €3.3 billion in private investments.
read more... 03/06/2024
Daily (31.05.2024): French-German spot power spread hit an 18-year peak on Thursday due to rising hydropower and nuclear production in France
Oil prices significantly declined on Thursday as the market disregarded the potential extension of OPEC+ production cuts in 2025, due to abundant supply. The increase in gasoline inventories, now around 6% higher than at the same time last year, along with a rise in distillate products, further supported the notion of a plentiful supply. Consequently, Brent declined by over 2% to close at $81.86 a barrel, while WTI Crude lost 1.7% to end at $77.91.
read more... 31/05/2024
Daily (31.05.2024): French-German spot power spread hit an 18-year peak on Thursday due to rising hydropower and nuclear production in France
Oil prices significantly declined on Thursday as the market disregarded the potential extension of OPEC+ production cuts in 2025, due to abundant supply. The increase in gasoline inventories, now around 6% higher than at the same time last year, along with a rise in distillate products, further supported the notion of a plentiful supply. Consequently, Brent declined by over 2% to close at $81.86 a barrel, while WTI Crude lost 1.7% to end at $77.91.
read more... 31/05/2024
EU postpones decision on China EV tariffs
The European Commission will postpone its decision on Chinese electric vehicle tariffs until after the European Parliament election on June 9, a source familiar with the matter told Reuters.
read more... 31/05/2024