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Volvo cars to build $1.25 bln electric-only plant in Slovakia
The new plant, Volvo Cars' third in Europe, will build electric vehicles (EV) only, in line with the company's ambition to produce EVs exclusively by the end of this decade.
read more... 04/07/2022
(Daily 04.07.2022): Natural gas prices continued to rise on Friday amid high demand and tight supply
Brent oil prices declined on Friday due to demand skepticism, mounting concerns about the possibility of a worldwide economic slowdown, and the confirmation by Opec+ of a projected increase in supply. Consequently, Brent fell by 2.8% to settle at $111.63 a barrel. In contrast, WTI price increased by 2.5% on Friday to close at $108.43 a barrel as supply disruptions in Libya and anticipated shutdowns in Norway offset concerns that demand would be negatively impacted by an economic slowdown.
read more... 04/07/2022
(Daily 01.07.2022): EUAs rose to a new six-week high on Thursday due to persistent steady buying
OPEC+ reiterated that it will only boost output in August by as much as it had previously indicated amid tight global supplies, contributing to a decline in oil prices on Thursday. Thus, Brent crude fell by 1.3% to settle at $114.81 a barrel. WTI crude decreased by 3.7% to $105.76 per barrel.
read more... 01/07/2022
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Italian government lends 4 bln euros to boost gas storage
Italy's government said on Thursday it was lending state-owned firm Gestore dei Servizi Energetici (GSE) 4 billion euros ($4.17 billion) to buy gas to boost stockpiles, as the country strives to cope with a fall in Russian supplies and surging prices.
read more... 01/07/2022
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France “blocks” 7 GW of renewables despite supply fears
France is blocking the connection of 7 GW of renewables to its grid for political reasons amid public opposition to wind power despite a looming winter supply crunch, analysts and industry lobbies said this week.
read more... 01/07/2022