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Daily (13.06.2024): Oil prices rose by 1% on Wednesday amid forecasts for demand growth
Oil prices increased on Wednesday as the market mainly responded to optimistic forecasts for global oil demand growth from the U.S. Energy Information Administration (EIA) and OPEC. Despite an unexpected rise in U.S. inventories and a hawkish statement from the U.S. Federal Reserve, Brent crude closed at $82.60 per barrel, while WTI crude reached $78.50, both contracts rising by 1% day-on-day.
read more... 13/06/2024
French renewable energy sector says far-right victory risks trouble for industry
The French renewable energy sector is bracing for a sharp slowdown in wind and solar projects if the far-right wins a majority in upcoming elections, just as new legislation was expected to boost the industry in nuclear-dominant France.
read more... 13/06/2024
Italy's De Nora says orders already equal new electrolyser gigafactory output
Industrie De Nora began construction of Italy's largest electrolyser manufacturing plant on Tuesday to meet expected demand growth for green hydrogen, which forms part of the EU's plans to replace fossil fuels in energy intensive industries.
read more... 12/06/2024
RWE inaugurates biggest onshore wind farm in France
German energy company RWE is celebrating the inauguration of its new onshore wind farm in the Aisne department of Hauts-de-France, located in the municipalities of Nouvion-et-Catillon and Nouvion-le-Comte.
read more... 11/06/2024
Swiss voters back law to boost renewable energy output
Swiss voters backed legislation to promote renewable energy in a referendum on Sunday, while rejecting separate proposals intended to contain rising healthcare insurance costs.
read more... 10/06/2024