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Gazprom shrugs off renewables with prediction of rising gas demand
Russian gas giant Gazprom expects demand for natural gas to grow in the coming decades and for it to play a bigger role in energy consumption than renewable sources and hydrogen, a company official said on Tuesday.
read more... 19/05/2021
EU eyes 26pc renewable transport by 2030
A 312-page draft staff working document drawn up by the commission substantiates a forthcoming proposal to revise the EU's renewables directive as part of a wider package of measures to reach a 2030 target to reduce greenhouse gas (GHG) by 55pc. The document confirms a target share for renewables in overall energy consumption of at least 38-40pc in 2030, hinted at last year when the 55pc GHG cut was proposed.
read more... 06/05/2021
Daily (29.04.2021): Carbon EUAs climbed by 1% on Wednesday supported by a bullish energy complex
Oil prices strengthened on Wednesday, supported by positive consumption data for black gold in the United States. Despite a slight increase in US crude inventories, according to the EIA’s weekly report, Brent oil gained 1.3% to $67.27 a barrel and WTI crude rose by 1.5% to $63.86 a barrel.
read more... 29/04/2021
China to cut coal use share below 56% in 2021
China aims to cut its coal use to below 56% of energy consumption in 2021, the National Energy Administration (NEA) said in a statement on Thursday, but said the fuel would still play a vital role in ensuring the nation’s energy security.
read more... 23/04/2021
Daily (22.04.2021): Crude oil prices lost 2% on Wednesday, influenced by an increase in US crude stocks
Crude oil prices were bearish on Wednesday, pressured by an increase in US commercial crude stocks. Furthermore, concerns over the number of Covid-19 infections which limits global consumption also weighed on prices. As such, Brent oil lost 1.9% to close at $65.32 a barrel and WTI crude fell by 2.1% to $61.35 a barrel.
read more... 22/04/2021