ENERGY

By Charles Kennedy of OilPrice.com

Power prices in France turned negative for hours on Tuesday morning amid tepid demand in a struggling economy and increased renewables generation.

French intraday power prices traded at as low as -$22.25 (-20 euros) per megawatt-hour (MWh) on the Epex Spot exchange, according to data compiled by Bloomberg.

So far this year, France’s power demand has been undershooting projections by grid operator RTE as the French and European economies are seeing little – if any – growth.

France, which derives about 70% of its electricity from nuclear energy, returned last year to the top spot of (more…)

By Charles Kennedy of OilPrice.com

The price of the U.S. WTI crude oil has finally stayed in the low $70s per barrel for a sustainable period of time, allowing the (more…)

Authored by Tsvetana Paraskova via OilPrice.com,

London’s High Court on Friday quashed a planning permission for the UK’s first new coal mine in three decades, ruling that the permit was unlawful as it hadn’t considered the emissions from burning the fuel. 

Earlier this year, climate campaigners, including Friends of the Earth, challenged the approval of the coal mining project.

The UK’s previous Conservative government approved in December 2022 the Woodhouse (more…)