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Daily (23.06.2023): Oil prices fell by 4% on Thursday amid concerns over demand
Crude oil prices tumbled amid increased concerns over oil demand following Bank of England’s decision to hike interest rates to 5%. Despite lower US oil supplies, Brent crude and WTI crude decreased by about 4% to settle at $74.14 a barrel and $69.58 a barrel, respectively.
read more... 23/06/2023
France looks to hike offshore wind target above 40 GW
France’s 40 GW offshore wind target is just a starting point, Energy Transition Minister Agnès Pannier-Runacher said on Tuesday (20 June), though some industry players view French plans as lacking ambition.
read more... 23/06/2023
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Amprion to present German north-south power line plans in mid-2024
German grid firm Amprion plans to finalise the planning stage for its 8 gigawatt (GW) north-south Rhein-Main-Link power line by the end of June next year, with a view to having 2 GW of it built by 2033.
read more... 23/06/2023
RWE unveils plans to invest more than €50bn in energy transition by 2030
German energy giant RWE has outlined plans to invest more than €50bn ($54.9bn) in the energy transition by 2030.
read more... 23/06/2023
Daily (22.06.2023): European carbon prices recorded their biggest intraday decline in three months
Oil prices gained momentum on Wednesday, ahead of weekly data on US crude inventories. Unshaken by the Fed chairman's comments on further U.S. interest rate hikes, WTI crude rose by around 2% to settle at $72.53/barrel, while Brent crude ended at $77.12/barrel, posting a 1.6% day-on-day gain.
read more... 22/06/2023