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SolarPower Europe urges EU to up renewables target at least 45%

On the revision of the Renewable Energy Directive (RED II), SolarPower Europe urged the European Commission to increase the EU’s overall renewable energy target, such that by 2030, at least 45% of final energy demand comes from renewables.

read more... 11/02/2021

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Poland’s LNG Imports Again Jump as Russian Supplies Decline

Poland’s state-owned natural gas company said its liquefied natural gas (LNG) imports totaled 3.76 billion cubic meters (Bcm) in 2020, or 10% more than in 2019.

read more... 11/02/2021

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Oil Major Total Sees 10 Million Bpd Supply Gap In 2025

France's supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued underinvestment in the industry, the OPEC+ pact, and cracks in the U.S. shale business model.

read more... 11/02/2021

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Daily (10.02.2021): Oil prices at 13-month highs on Tuesday amid supportive factors on the supply and demand side

Crude oil futures continued their rally, to hit their highest levels in 13 months on Tuesday, driven by a series of encouraging factors on the supply and demand side. A weaker dollar provided further support to oil prices. Hence, Brent crude rose by 53 cents, or 0.9%, to settle at $61.09 a barrel. U.S. WTI crude added 39 cents, or 0.7%, to close at $58.36 per barrel. Both contracts had hit their highest since January 2020 after having risen for six straight sessions.

read more... 10/02/2021

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UK's 2024,2025 capacity market target cut to 40.1 GW, but year-head target raised

The UK government is seeking to contract 40.1 GW in the next four year-ahead capacity market auction (T-4) for delivery 2024/2025, in an auction due to start March 9, National Grid ESO said Feb. 9.

read more... 10/02/2021

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