Energy
Crude oil prices experienced a significant drop of more than 1.5% on Tuesday as the United States Federal Reserve provided no clear indications regarding potential interest rate cuts. The uncertainty stems from recent statements by key Fed officials, reflecting differing views on the economic outlook and inflation trends. Federal Reserve officials’ mixed signalsFederal Reserve Bank of San Francisco President Mary Daly stated that there is “no urgency” to start easing interest rates, citing the absence of evidence for a sustained drop in inflation. Similarly, Fed Vice Chair for Supervision Mich...
Invezz
The German government has agreed to speed up the authorizations for wind turbines and industrial plants, a statement published on Friday by politicians from the ruling coalition showed. The new law is intended to enable wind turbines and industrial plants to be built more quickly via more digitalization of the process and a reduction of bureaucratic hurdles. Apart from wind turbines, other plants affected include rolling metal mills, foundries, waste disposal plants and hydrogen production facilities. The changes are expected to be finalized in the coming weeks. The coalition, which includes t...
DPA International
The German government has agreed to speed up the authorizations for wind turbines and industrial plants, a statement published on Friday by politicians from the ruling coalition showed. The new law is intended to enable wind turbines and industrial plants to be built more quickly via more digitalization of the process and a reduction of bureaucratic hurdles. Apart from wind turbines, other plants affected include rolling metal mills, foundries, waste disposal plants and hydrogen production facilities. The changes are expected to be finalized in the coming weeks. The coalition, which includes t...
DPA
The German government has agreed to speed up the authorizations for wind turbines and industrial plants, a statement published on Friday by politicians from the ruling coalition showed. The new law is intended to enable wind turbines and industrial plants to be built more quickly via more digitalization of the process and a reduction of bureaucratic hurdles. Apart from wind turbines, other plants affected include rolling metal mills, foundries, waste disposal plants and hydrogen production facilities. The changes are expected to be finalized in the coming weeks. The coalition, which includes t...
DPA Breaking News
Washington (AFP) - President Joe Biden's government on Thursday announced a plan to end coal leases in the Powder River Basin, the nation's largest coal-producing region, drawing condemnation from the mining sector and praise from environmentalists. It comes as the world's second largest economy continues its shift away from coal, the most carbon-intensive fossil fuel, which has seen its output decline by more than 25 percent since 2017 as it struggles to compete with lower cost natural gas and with renewable energy. Biden has also targeted coal power plants with tough new rules requiring them...
AFP
Ukraine implemented rolling blackouts on May 15 due to power shortages caused by Russian attacks, Ukraine's state-owned energy operator Ukrenergo announced. Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, destroying several thermal power plants across the country. This included the Trypillia plant, the main electricity supplier to Kyiv, Zhytomyr, and Cherkasy oblasts. Earlier in the day, Ukrenergo introduced emergency shutdowns for industrial and domestic users from 7:25 to 10 p.m. local time across all regions of Ukraine. Limitations ar...
Kyiv Independent (CA)
Ukraine implemented rolling blackouts on May 15 due to power shortages caused by Russian attacks, Ukraine's state-owned energy operator Ukrenergo announced. Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, destroying several thermal power plants across the country. This included the Trypillia plant, the main electricity supplier to Kyiv, Zhytomyr, and Cherkasy oblasts. Earlier in the day, Ukrenergo introduced emergency shutdowns for industrial and domestic users from 7:25 to 10 p.m. local time across all regions of Ukraine. Limitations ar...
Kyiv Independent
Ukraine implemented rolling blackouts on May 15 due to power shortages caused by Russian attacks, Ukraine's state-owned energy operator Ukrenergo announced. Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, destroying several thermal power plants across the country. This included the Trypillia plant, the main electricity supplier to Kyiv, Zhytomyr, and Cherkasy oblasts. Earlier in the day, Ukrenergo introduced emergency shutdowns for industrial and domestic users from 7:25 to 10 p.m. local time across all regions of Ukraine. Limitations ar...
Kyiv Independent (UK)
The International Energy Agency (IEA) has revised its global oil demand forecast for 2024, reducing it by 140,000 barrels per day (bpd) to 1.1 million bpd, according to the agency’s May outlook released on Wednesday. The IEA attributed this downward adjustment to sluggish industrial activity and a milder winter, which have dampened gasoil consumption, especially in Europe. In Europe, the decreasing number of diesel cars has further reduced consumption. For 2025, oil demand is projected to slightly exceed this year’s levels, reaching 1.2 million bpd. IEA expects global oil production to growOn ...
Invezz
Editor’s Note: This is issue 131 of Ukrainian State-Owned Enterprises Weekly, covering events from May 4-10, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEsCabinet appoints new acting CEO for Ukrspyrt. On May 3, Stanislav Banchuk was appointed to the position. On May 6, Ukrspyrt confirmed Banchuk’s appointment, with no further details. Banchuk previously had a legal practice in Kyiv. A person by that name was deputy regional prosecutor of Chernivtsi Oblast until 2014 according to Ekonomichna Pravda (EP). According to YouControl, Banchuk founded Standart...
Kyiv Independent (CA)
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