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Daily (26.01.2024): Oil prices surged to their highest levels since early December on the back of positive economic data from China and the U.S
Oil prices rose to their highest level since early December on Thursday, driven by encouraging economic data from the U.S. and stimulus actions in China. As a result, Brent crude ended at $82.43, while WTI crude closed at $77.36 per barrel, with both contracts jumping by about 3%.
read more... 26/01/2024
Italian gas grid operator Snam to invest 11.5 billion euros by 2027
Italy's Snam, opens new tab will invest 11.5 billion euros ($12.5 billion) by 2027 to expand its infrastructure to support the country's energy transition, 15% more than in its previous business plan, the gas network operator said on Thursday.
read more... 26/01/2024
Daily (25.01.2024): Supply concerns and forecasts of a colder weather drove the energy complex higher on Wednesday
Oil prices rose by about 1% on Wednesday after the announcement of a massive contraction in US inventories amid the storm that hit the United States. Consequently, Brent crude settled at $80.04, while WTI crude settled at $75.09 per barrel.
read more... 25/01/2024
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EDF's UK Hinkley Point nuclear plant start date delayed again, costs mount
French utility EDF on Tuesday again pushed back the start date on its long-delayed 3.2-gigawatt (GW) Hinkley Point C reactor plant in Britain to at least 2029, with a new estimated cost of between 31 billion and 34 billion pounds ($43.06 billion) based on 2015 values.
read more... 25/01/2024
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Belgium to focus on energy grids, H2 during EU presidency
Developing more power grids, offshore energy and international hydrogen trade are three of Belgium’s strategic energy priorities during its six-month EU presidency until the end of June.
read more... 24/01/2024