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Daily (01.07.2020): The German Cal ’21 power at its highest level since the end of February, driven by economic optimism, higher carbon and coal prices
Oil prices reversed previous gains on Tuesday as Libya prepares to resume crude exports, intensifying concerns over a possible oversupply on the market. Hence, Brent crude for August delivery, which expired yesterday, fell by 56 cents, or 1.2%, to settle at $41.15. The more-active September contract lost 58 cents at $41.27 a barrel. At the same time, U.S. WTI crude dropped by 43 cents, or 1%, to end at $39.27 a barrel. However, for the month, Brent and WTI gained 16.5% and 12.4% respectively.
read more... 01/07/2020
Equinor to build hydrogen plant with carbon capture in Britain
Equinor plans to build in Britain a plant to produce hydrogen from natural gas in combination with carbon capture and storage, the Norwegian oil firm said on Wednesday.
read more... 01/07/2020
German utility E.ON to invest over 375 mln euro in Romania by 2023
German utility E.ON said on Tuesday it plans to invest about 375 million euro ($422.5 million) in Romania during the period 2020-2023, through its two local subsidiaries Delgaz Grid and E.ON Energie Romania.
read more... 01/07/2020
France completes closure of Fessenheim plant
French utility EDF yesterday permanently shut down unit 2 of the Fessenheim nuclear power plant in eastern France as scheduled. Its closure, together with that of unit 1 in February, was necessary under the country's energy transition law before EDF can bring new nuclear capacity online.
read more... 01/07/2020
Daily (30.06.2020): NBP spot surged by 10.7% on Monday amid short system, cooler temperatures
Crude oil futures started the week on the front foot, as bullish equity market counterbalanced investors’ concerns over the evolution of the Covid-19 pandemic and the return of containment measures, that could adversely affect demand. Hence, Brent crude rose by 69 cents, or 1.7%, to settle at $41.71 a barrel. At the same time, U.S. WTI crude soared by $1.21, or 3.1%, to end at $39.70 a barrel.
read more... 30/06/2020