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G7 countries set targets for solar and wind capacity
Governments of G7 nations have pledged to collectively increase offshore wind capacity by 150GW and solar to more than 1TW by 2030.
read more... 18/04/2023
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Daily (17.04.2023): European forward electricity prices fell by 3% on Friday, in tandem with bearish gas, carbon markets
Crude oil prices rose slightly on Friday after the International Energy Agency (IEA) unveiled global demand will hit a record high this year on the back of a recovery in Chinese consumption. Hence, Brent crude rose by 0.3% to settle at $86.31 a barrel. U.S. WTI crude settled at $82.52 a barrel, gaining 0.4% day-on-day.
read more... 17/04/2023
Daily (11.04.2023): Crude oil prices retreated by 1% on Monday amid thin holiday trading
Crude oil prices retreated on Monday as markets cautiously reopened after the holiday weekend and session volumes stayed low due to the closed European markets. Hence, Brent crude declined by 1% compared with Thursday’s session to close at $84.18 a barrel. Meanwhile, U.S. WTI crude decreased by 1% to settle at $79.74 a barrel.
read more... 11/04/2023
Finland's Gasum targets 7 TWh of RNG annually by 2027
Finnish state-owned energy company Gasum Oy wants to pay more attention to renewable natural gas and electricity as part of its new five-year strategy and has set itself the goal of providing 7 TWh of biogas annually to the Nordic region by 2027.
read more... 11/04/2023
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EU extends gas price cap system to all EU hubs
The European Commission will extend its gas price cap system to all trading hubs in the European Union from May to prevent potential distortions to Europe's energy markets, it said on Friday.
read more... 03/04/2023