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Daily (17.12.2020): A drop in US crude inventories on Wednesday lent support to oil prices
On Wednesday, the EIA reported a drop in crude stocks in the United States, thus lending support to oil prices. As a result, Brent crude increased by 0.6% to $51.08 a barrel, while WTI oil edged 0.4% higher at $47.82 a barrel.
read more... 17/12/2020
E.ON and RWE ink PPA for Humber Gateway offshore wind farm
The deal comes into effect from 2022 until 2035 and includes the Renewables Obligation Certificates from the plant
read more... 17/12/2020
Hydrogen policies must include nuclear
Nuclear-produced hydrogen, using electrolyser technology, could have a "sizeable contribution" to make in the development of the hydrogen economy, according to a new report from the New Nuclear Watch Institute (NNWI) think-tank. However, it says the realisation of those benefits will depend on the adoption of technology-neutral policies, which do not discriminate against nuclear power.
read more... 17/12/2020
Spain to remove renewable subsidies from consumer bills
Spain's government has proposed a new law that will gradually separate the funding of renewable energy from consumers' bills and move it to the balance sheets of suppliers and oil and gas companies, it announced Dec. 15
read more... 17/12/2020
Daily (16.12.2020): EUAs extended record high on Tuesday in tandem with a bullish energy complex
Crude oil prices continued to gain ground on Tuesday, boosted by progress on vaccine rollout that helped ease market concerns over a spiral virus outbreak. Hopes for a new stimulus package in the United States added further support to oil prices. Hence, Brent crude for February delivery rose by 47 cents, or 0.9%, to close at $50.76 per barrel. Meanwhile, U.S. WTI crude for January delivery increased by 63 cent, or 1.3%, to settle at $47.62 a barrel. Both contracts posted their highest levels in nine months.
read more... 16/12/2020