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Energy Market News – Tuesday, July 29, 2025: Brent around $70 amid US-EU deal, gas reserves in Europe, gasoline export ban in Russia
... half of the increase in electricity generation in China in June was provided by solar energy, while hydropower plants also increased generation compared to last year – this helped partially offset increased consumption.
Europe
is also facing heat and drought, which has led to increased electricity demand for air conditioning. Estimates show that the July heat is raising daily energy consumption in certain European countries by 10–15% compared to average levels. At the same time, several thermal ...