Oil prices increased by over 1% on Monday, impacted by forecasts of extended production cuts ahead of OPEC+ meeting. Hence, Brent crude stood at $83.10 per barrel, while WTI crude settled at $78.72.
read more... 28/05/2024
German utility company RWE has reached a final investment decision on the Nordseecluster, which include a cluster of four offshore wind projects with a combined capacity of 1.6GW.
read more... 28/05/2024
European Union countries approved a law on Monday to impose methane emissions limits on Europe's oil and gas imports from 2030, pressuring international suppliers to cut leaks of the potent greenhouse gas.
read more... 28/05/2024
European Union governments formally cleared on Monday a new law designed to ensure the bloc produces 40% of its solar panels, wind turbines, heat pumps and other clean tech equipment and to help European industry compete with U.S. and Chinese rivals.
read more... 28/05/2024
Oil prices posted a slight increase on Friday, following a week of consecutive decrease amid a technical rebound. Expected increase in gasoline demand ahead of a long weekend also supported prices. Thus, Brent crude settled at $82.12 per barrel, while WTI crude stood at $77.72, both contracts rising by about 1% day-on-day.
read more... 27/05/2024