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Energy
Europe’s grid operators unprepared for renewables
Europe’s energy watchdog has criticised the continent’s grid operators for being unprepared for the expected increase in renewable energy.The Agency for the Cooperation of Energy Regulators (ACER) warns that without changes to their…
Headwinds from Middle East, tailwinds from China
Pedestrians holding Chinese flags outside a Chanel SA store on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024. Qilai Shen | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets…
UK launches £500k funding for electrolyser tech
The Net Zero Technology Centre (NZTC) has announced the winners of its 2024 Electrolyser funding competition, awarding a total of £500,000 to three innovative UK developers.This initiative aims to accelerate the development of…
Biden discourages Israel from hitting Iran’s oil
U.S. crude oil on Friday posted its biggest weekly gain in more than a year, as traders fear Israel could strike Iran's crude facilities in retaliation for Tehran's ballistic missile attack.U.S benchmark West Texas Intermediate surged…
UK to unveil ambitious green energy investment plan
Prime Minister Keir Starmer, along with Chancellor Rachel Reeves and Energy Secretary Ed Miliband, will announce a big plan for green energy investment in the North of England.This announcement, scheduled for tomorrow, aims to create…
Crude oil holds gains as Israel vows ‘painful’ response to Iran missile
U.S. crude oil held to gains Wednesday as Israel vowed to respond to an Iranian missile attack, though prices have come off session highs due to a bearish stockpile build in the U.S.U.S. oil stockpiles rose by 3.9 million barrels last…
Can Dundee become Scotland’s first net zero city?
Dundee City Council has approved a new plan to help Dundee become Scotland’s first net zero city.The Local Area Energy Plan (LAEP) was created by the Dundee Climate Leadership Group (DCLG), a partnership of public and private…
FTC clears Chevron-Hess deal, bans John Hess from board
John Hess, chief executive officer of Hess Corp., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 19, 2024. F. Carter Smith | Bloomberg | Getty ImagesThe Federal Trade Commission has…
National Grid offers new contracts to manage winter energy demand
National Grid Electricity Distribution (NGED) has introduced new demand turn-up and generation turn-down contracts as part of its flexibility strategy for winter.These contracts are being offered in three regions: the South West, South…
WTI heads for weekly loss as supplies rise
U.S. crude oil on Friday posted a weekly loss, as the prospect of growing oil supplies from Saudi Arabia overshadowed China's efforts to stimulate its economy.The U.S. benchmark West Texas Intermediate fell about 5% this week, while…