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Conditions for Groningen closure met
The Netherlands has met all four conditions set out in 2018 for closing the Groningen gas field, Dutch state secretary for mining Hans Vijlbrief said today.
read more... 01/02/2023
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Spain off target for wind additions by 2030
New wind additions in 2022 failed to keep pace with the 2.2 GW/yr required to ensure that Spain remains on track to meet its 2030 legislated target of just above 50GW, according to AEE. The lobby group stressed that this delay was partly because "the speed of administrative processing has not been sufficient". Installed wind capacity reached 29.73GW in 2022, up by 1.13GW from 28.60GW in 2021, according to provisional power grid operator REE data.
read more... 01/02/2023
Daily (01.02.2023): British near-term gas prices turned bullish on Tuesday amid returning cold spell
Oil prices had a mixed trend on Tuesday amid the possibility of additional interest rate increase. Consequently, Brent crude slipped by 0.4% to 84.49 a barrel, while WTI oil rose by 1.2% to $78.87 a barrel amid higher U.S. demand, weaker dollar.
read more... 01/02/2023
Daily (31.01.2023): Energy prices turned bullish again on Monday
Oil prices dropped on Monday as investors are anticipating the US Federal Reserve (Fed) interest rate announcement as well as the conclusion of the OPEC+ meeting. Hence, Brent crude oil has weakened by 2% to settle at $84.90 a barrel. Similarly, U.S. WTI crude ended at $77.90 a barrel, or a 2% daily loss.
read more... 31/01/2023
German cabinet approves EU emergency measures to push renewables expansion
Germany's cabinet on Monday approved measures to accelerate the expansion of wind and solar power by simplifying licensing and setting deadlines for permitting procedures, the economy ministry said.
read more... 31/01/2023