Latest news
(Daily 13.07.2022): Crude oil fell on Tuesday to trade below $100 due to a strengthening dollar and COVID-19 restrictions in China
Crude oil fell on Tuesday to trade below $100 per barrel due to a strengthening dollar, COVID-19 restrictions in China, the world's largest petroleum importer, and growing concerns about a recession in the global economy. Thus, Brent crude ended 7.1% lower at $99.49 a barrel, while WTI fell by 7.9% to $95.84 per barrel.
read more... 13/07/2022
Drax plans GBP-2bn bioenergy-plus-CCS project
UK power producer Drax Group Plc plans to invest GBP 2 billion (USD 2.39bn/EUR 2.37bn) this decade in the development of two units under a bioenergy-with-carbon-capture-and-storage (BECCS) project at its North Yorkshire power station.
read more... 13/07/2022
.jpg)
Austria, Germany plan to fill Gazprom storage facility
Austria and Germany will work together to refill the Gazprom-controlled gas storage facility at Haidach, the energy ministers of the two countries said on Tuesday.
read more... 13/07/2022
EU invests €1.8bn in energy transition technologies
The EU today announced €1.8bn ($1.8bn) of funding for 17 large-scale renewable energy and decarbonisation projects — including hydrogen, renewable power generation and advanced biofuels projects.
read more... 13/07/2022
Daily (12.07.2022): German Cal23 power price firmed on Monday amid strong coal, supply concerns
Oil prices barely changed on Monday as the markets weighed persistent supply shortage worries against an anticipated decline in demand driven by extensive COVID-19 testing in China. Hence, Brent crude ended rather flat to settle at $107.10 a barrel, while U.S. WTI crude slipped by 0.7%, to settle at $104.09 a barrel.
read more... 12/07/2022