Oil prices significantly declined on Thursday as the market disregarded the potential extension of OPEC+ production cuts in 2025, due to abundant supply. The increase in gasoline inventories, now around 6% higher than at the same time last year, along with a rise in distillate products, further supported the notion of a plentiful supply. Consequently, Brent declined by over 2% to close at $81.86 a barrel, while WTI Crude lost 1.7% to end at $77.91.
read more... 31/05/2024
Oil prices significantly declined on Thursday as the market disregarded the potential extension of OPEC+ production cuts in 2025, due to abundant supply. The increase in gasoline inventories, now around 6% higher than at the same time last year, along with a rise in distillate products, further supported the notion of a plentiful supply. Consequently, Brent declined by over 2% to close at $81.86 a barrel, while WTI Crude lost 1.7% to end at $77.91.
read more... 31/05/2024
France achieved a 22.2% share of renewable energy in its gross final energy consumption in 2023, according to the French Ecological Ministry figures from 7 May, but the trend is not sufficient for the country to reach a target of at least 44% renewable energy by 2030, as set by EU law.
read more... 15/05/2024
French utility EDF has signed green bank loans for a total amount of about EUR5.8 billion (USD6.3 billion), which will be used to finance the life extension of its existing nuclear power plant fleet in France.
read more... 15/05/2024
French utility EDF has signed green bank loans for a total amount of about EUR5.8 billion (USD6.3 billion), which will be used to finance the life extension of its existing nuclear power plant fleet in France.
read more... 14/05/2024