Oil prices extended gains on Monday, to hit their highest levels in more than seven years as escalating tensions between Russia and Ukraine kept the market on the edge. Hence, Brent crude increased by 2.2% to $96.48 a barrel. U.S. WTI crude soared by 2.5% to end at $95.46 a barrel.
read more... 15/02/2022
Oil prices increased sharply on Friday, as US defense officials anticipated Russian forces to commence the invasion in the coming weeks. As a result, Brent crude soared by 3.3% to $94.44 a barrel and WTI oil jumped by 3.6% to $93.10 a barrel.
read more... 14/02/2022
Batteries and hydrogen can provide the necessary flexibility for Europe’s electricity grid to avoid blackouts in an energy system increasingly dominated by intermittent wind and solar, said Maroš Šefčovič, the European Commission vice-president in charge of foresight.
read more... 14/02/2022
As eldiario.es reported, the Spanish government has called on the European Investment Bank (EIB) to provide financial guarantees for long-term fixed-price supply contracts for renewable energy, known as Power Purchase Agreements (PPAs).
read more... 14/02/2022
Multiplying solar energy capacity tenfold, deploying around fifty offshore wind farms and building six EPR 2 nuclear reactors. These are all part of France’s long-term energy plan President Emmanuel Macron detailed on Thursday (10 February). EURACTIV France reports.
read more... 14/02/2022