German gas-fired generation has been largely up on the year as lower NCG gas prices and higher carbon costs supported deeper coal and lignite-to-gas fuel switching. But a recent increase in NCG gas prices has pushed up generating costs to price more gas-fired plants out of the market.
read more... 23/10/2020
Oil prices retreated on Wednesday weighed by an increase in gasoline stocks in the US and weak demand because of the second wave of the Covid-19 pandemic. Furthermore, Libyan oil return to the market also put pressure on prices. Brent crude traded 3.3% lower at $41.73 a barrel, while WTI oil dropped by 4% to close at $40.03 a barrel.
read more... 22/10/2020
Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract.
read more... 22/10/2020
The analysts said 1.3 gigawatts (GW) of new capacity could come online through March next year, which would take total capacity to 25.4 GW, a rise of 5per cent
read more... 22/10/2020
Israel and the United Arab Emirates (UAE) signed this week a preliminary agreement under which crude oil from OPEC’s third-largest producer could be shipped to European markets via an oil pipeline in Israel connecting the Red Sea with the Mediterranean.
read more... 22/10/2020