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Daily (04.06.2019): The EUAs dipped by nearly 3% to a two-month low on Monday, amid weak demand and an expected surge in supply
Crude oil prices continued to fall on Monday, under the heavy influence from the ongoing demand-side concerns stoked by U.S.-China trade tensions and threats of U.S. tariffs on Mexico. Brent crude slumped by 5% to $61.28 a barrel, while WTI futures traded 0.5% lower at $53.25 a barrel.
read more... 04/06/2019
Germany goes 47% renewable so far this year
So far this year, renewables have produced 47% of all electricity supplied to the public grid in Germany.
read more... 04/06/2019
Equinor to build 200-MW floating wind farm near Canary Islands
Norwegian multinational Equinor ASA has received the green light to build a 200-MW floating offshore wind farm off the coast of the Canary Islands, the regional government informed on Friday.
read more... 04/06/2019
Total strengthens US LNG business
Total has signed an agreement with Toshiba to take over its portfolio of LNG. It includes a 20-year tolling agreement for 2.2 million tpy of LNG from Freeport LNG train 3 in Texas and the corresponding gas transportation agreements on the pipelines feeding the terminal.
read more... 04/06/2019
Daily (03.06.2019): Crude oil prices hit a six-month low on Friday, amid growing global trade tensions
Crude oil prices dipped to a six-month low on Friday, due to a worsening outlook for the global trade after U.S. President Donald Trump warned that the U.S. will levy a 5% tariff on its imports from Mexico effective from June 10, until the latter stops the illegal immigration flows into the U.S. The latest tariff threats added to the ongoing bearish impact from the prolonged U.S-China trade war. Brent crude sank by 3.6% to $64.49 a barrel, while WTI futures plunged by 5.5% to $53.50 a barrel.
read more... 03/06/2019