EU Modernisation Fund allocates €2.5 billion to clean energy projects
The European Commission and European Investment Bank disbursed €2.5 billion from the Modernisation Fund to support 51 energy projects across 11 member states. The largest beneficiaries are Romania (€636.9 million), Hungary (€552.3 million) and Czechia… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
OPEC+ raises output as Saudi Arabia slashes prices
OPEC+ agreed on 5 July 2026 to raise collective output targets by 188,000 barrels per day (bpd) from August, marking the fifth consecutive monthly increase. The United Arab Emirates, having exited OPEC+ quotas on 1 May, ramped up crude output to more than 3.8 million bpd, near record levels. Oil prices remained around $72 per barrel as improved tanker traffic […]
Contracts for Difference Allocation Round 8 – UK renewable auctions take shape
AR8’s statutory notices freeze administrative strike prices at AR7 levels and outline a five‑pot structure with separate clearing prices for offshore wind based on connection location. AR8 introduces visibility of bids from floating offshore wind… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Octopus Energy Generation hits £8.5bn in renewable assets following European expansion
Octopus Energy Generation has increased renewable assets under management to £8.5bn, covering 5.7 GW across more than 400 sites in 21 countries. The increase was driven partly by a new mandate to manage Renewable Power… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Ukraine hits St Petersburg oil terminal as drone campaign targets Russia’s export network
Ukraine struck the St Petersburg Oil Terminal during a major drone attack on Friday, according to Russian regional authorities. The raid also targeted the wider Leningrad region, while Kyiv said it had hit military infrastructure at Kronstadt. The scale of physical damage and interruption to terminal operations remain unclear, but the attack adds to a […]