Two of the three EU countries most reliant on Russian LNG – Spain and France – are unlikely to ban Russian imports despite Brussels paving the way for national restrictions, with one trader telling Montel the move was simply a “gesture”.
read more... 12/01/2024
Danish wind turbine manufacturer Vestas has announced plans to establish a new blade factory in the Polish city of Szczecin, 566km northwest of the country’s capital, Warsaw.
read more... 12/01/2024
Oil prices fell by 1% on Wednesday due to a surprising rise in US crude inventories, causing concerns about the supply-demand balance. According to the report, US commercial crude inventories increased by 1.3 million barrels in the week ending January 5. As a result, Brent crude settled at $76.80, while WTI crude closed at $71.37 per barrel.
read more... 11/01/2024
The UK government on Thursday outlined plans for the biggest expansion of nuclear power for 70 years, including the possibility of building a major new power station to help boost the security of supply.
read more... 11/01/2024
Poland has the potential to double its installed wind power capacity by 2030 but the industry needs faster permitting, improved auctioning procedures and must find a way to mitigate soaring costs, the local wind lobby said on Wednesday.
read more... 11/01/2024