Crude oil futures declined on Thursday amid doubts about the ability of oil giants to comply with their production quotas in an attempt to stabilize the market. Moreover, worries about economic recession, sluggish demand and oversupply eclipsed a rebound in Saudi Arabia’s official crude selling and an unexpected rise in Chinese exports last month.
read more... 08/05/2020
France is set to become Europe’s fourth biggest offshore wind generator by 2030, with capacity due to climb to 7.4 GW by then from zero now, according to a report by consultants Rystad Energy.
read more... 08/05/2020
Energy firms Royal Dutch Shell and Eneco have bid together in the tender for the 760 MW Holland Coast North offshore wind farm to supply a hydrogen plant, they said on Thursday.
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Oil prices dropped on Wednesday, as a result of an oversupplied system and a persistent weak demand. Despite a recovery in prices in the last days, International benchmark Brent crude settled 4% lower at $29.72 a barrel. West Texas Intermediate, the U.S. benchmark, fell by 2.3%, or 57 cents, to settle at $23.99 a barrel.
read more... 07/05/2020
Norwegian energy firm Equinor's gas sales price in Europe plummeted 41% to an average of EUR 13/MWh (USD 4.06/MMtbu) in the first quarter of the year amid the Covid-19 pandemic, it said on Thursday.
read more... 07/05/2020