The auction will award up to €800 million to renewable hydrogen producers in the European Economic Area (EEA). The support will take the form of a fixed premium in €/kg of renewable hydrogen produced over ten years of operation, therefore targeting the gap between the production costs and the demand’s willingness to pay.

While South Africa and Russia back the addition of new members, India is wary of the group becoming a mouthpiece for China, and Brazil is worried about alienating the West.

Oil tabs remain steady after the cross of the $80/bbl price mark,as the Stock 600 Energy Complex paring gains of +1.01% standing at 113.42 at the European Open.

The Congressionally-mandated final standards for commercial water heaters and dedicated-purpose pool pump motors along with the proposed standards for residential boilers will each conserve energy and water while cutting harmful carbon pollution.

Unemployment in South Africa is already among the highest of more than 80 nations

The ruble has grown more vulnerable after a deterioration in Russia’s external finances. Unlike last year, when the government earned a record windfall after a rally in commodity prices, export proceeds have fallen sharply in 2023.

Отклонение фактически полученных нефтегазовых доходов от ожидаемого месячного объема нефтегазовых доходов по итогам июня 2023 года составило -30,347 млрд руб.

Oil-entropy is still ongoing,somewhat of a tug of war developing with a mix of SPR watch outs.At least the volume on the Geopolitics has toned down a bit,maybe on the 'baguette' side of life where protests have been rocking Paris.Taiwan presidential hopeful vows to maintain peace with China.

По состоянию на 1 июля 2023 г. объем ФНБ составил 12 670 270,1 млн рублей, что эквивалентно 145 578,2 млн долл. США,

“Norway is the only net exporter of oil and gas in Europe, and by implementing these projects we ensure new production from the latter half of the 2020s, so that we can maintain high Norwegian deliveries,”

Under the terms of the deal announced on Friday, Eni will acquire Neptune for $2.6bn, while Vår Energi — Eni’s Norwegian listed subsidiary — will acquire the company’s operations in Norway for $2.3bn.

China had also previously offered a subsidy for EV purchases for more than a decade but the programme ended last year.

The two players intend to invest up to 4 billion euros or almost $4.4 billion for the development phase of the project to be spent mostly during 2024-2026, which will enable about 100 bcm of natural gas to be brought on stream, turning Romania into – what OMV Petrom deems to be – the largest gas producer in the EU and a net natural gas exporter.

These incentives represent the largest climate investment in U.S. history and aim to reduce emissions by approximately 40% by 2030.

The U.S. Department of Energy (DOE) announced $46 million in funding to eight companies advancing designs and research and development for fusion power plants,