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Energy
Cornwall Insight warns 2030 plan potentially unrealistic
The Clean Power 2030 action plan leaves critical questions unanswered say analysts Cornwall Insight.Kate Mulvany Principal consultant said there was a lack of clarity around electricity market reforms which remain a significant barrier,…
Moldova declares state of emergency over expected halt to Russian gas
Dorin Recean, Moldova's prime minister, speaks during the United Nations General Assembly (UNGA) in New York, US, on Friday, Sept. 27, 2024.Bloomberg | Bloomberg | Getty ImagesMoldova's parliament on Friday voted to approve a 60-day…
Ørsted makes huge investment in offshore wind
Ørsted has announced contracts worth £75–100m with UK companies for its Hornsea 3 offshore wind farm.The news, welcomed by Energy Secretary Ed Miliband, means huge parts of the lucrative work to construct the site will help the UK supply…
What the oil and gas industry wants from Trump and how it might deliver
US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024.Allison Robbert | AFP | Getty ImagesThe oil and gas industry has a "to do" list for…
Price cap predicted to rise
Analysts Cornwall Insight are predicting the energy price cap will rise to £1,762 a year for a typical dual fuel consumer.This would represent a 1% increase from January’s price cap of £1,738 announced in November.Cornwall Insight…
Qatar energy minister on Trump’s bid to lift LNG exports cap
Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida Al Kaabi speaks at a press conference in Doha on Sept. 1, 2024.Karim Jaafar | Afp | Getty ImagesQatar's energy minister said he isn't too concerned about U.S. President-elect…
Flagship Energy’s Tejal Shah Energy Markets Update – 6th December 2024
The market has continued trading in its recent range albeit towards the lower end with market participants wary of the upside risks. Temperatures across western Europe will fall next week, with some models pointing to colder conditions…
OPEC+ oil output delay a reality check as group eyes demand: Saudi
The OPEC+ "precautionary" decision to postpone crude production hikes until after the first quarter bides the group time to assess developments in global demand, European growth and the U.S. economy, according to the coalition's chair,…
Success in the Balkans – Energy Live News
With its latest successful tender, this time in the Balkan region, Unicorn Systems is set to help stabilise and improve the power grid in yet another growing market.An Important WinUnicorn Systems has won an international tender to…
Oil prices little changed after OPEC+ delays production increase
Oil prices were little changed Thursday after OPEC+ members agreed to delay crude production increases.U.S. crude oil fell 24 cents, or 0.35%, to close at $68.30 per barrel. Brent crude futures pulled back 22 cents, or 0.3%, to settle at…