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Daily (20.10.2021): Brent crude closed above $85 a barrel for first time since October 2018 amid lingering supply crisis
Crude oil prices climbed to fresh multi-year highs on Tuesday amid persistent global supply squeeze, while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs. Hence, Brent crude rose by 0.9% to settle at $ 85.08 a barrel, the highest level since October 2018. U.S. WTI crude added 52 cents to settle at $82.96 a barrel, posting a fresh seven-year high.
read more... 20/10/2021
Stellantis, Italian startup to develop EV charging network in Europe
Stellantis has agreed a partnership with Italian e-mobility startup TheF Charging to create a European public charging network accessible to all electric vehicles, the two companies said.
read more... 20/10/2021
Portugal's EDP to invest $17.69 billion in UK wind and solar by 2030
Power company Energias de Portugal (EDP) plans to invest 12.86 billion pounds ($17.69 billion) in wind and solar projects in Britain by 2030 as the country strives to lower its emissions to net zero by mid-century.
read more... 20/10/2021
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Greece vows to link Egypt’s energy grid to European Union
Greece pledged Tuesday to link Egypt to the European Union’s energy market with an undersea cable that would carry electricity across the Mediterranean.
read more... 20/10/2021
Daily (19.10.2021): British gas prices soared on Monday as pipeline auctions disappoint
Oil prices diverged, pairing multi-year highs on Monday amid a fall in US industrial production in September along with weaker GDP numbers from China. Hence, Brent crude lost 0.6% to settle at $84.33 a barrel. U.S. WTI crude settled 0.2% higher, at $82.44 a barrel.
read more... 19/10/2021