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Daily (08.04.2020): UK gas prices were bullish on Tuesday amid weaker wind output, improving conditions at the epicentre of the European virus outbreak
Crude oil futures fell sharply again on Tuesday, weighed down by uncertainty surrounding the ability of global energy giants to agree to cut production at an important meeting on Thursday.
read more... 08/04/2020
Daily (07.04.2020): European year-ahead power prices soared on Monday due to an aggressive increase in carbon prices
Oil prices started the week on a back foot after a postponement to Thursday of a meeting between OPEC and its allies aimed at reducing the excess supply of black gold on the world market. Hence, Brent crude for June delivery fell by $1.06, or 3.1%, to settle at $33.05 a barrel on ICE London. Meanwhile, U.S. WTI crude decreased by 2.26, or 8%, to end at $26.08 on NYMEX. The two benchmarks saw a recovery last Thursday and Friday due to signals of new production cuts sent by Russia and Saudi Arabia.
read more... 07/04/2020
Prices fall in Greece's renewables tender with 503 MW awarded
Greece has awarded 502.94 MW of wind and solar power capacity in its latest mixed renewables tender, with bids hitting as low as EUR 49.11 (USD 53.06) per MWh.
read more... 07/04/2020
Russia To Cut 1 Million Barrels Per Day, But Under One Condition
Russia may be willing to reduce its oil production by as much as 1 million bpd, or a little under 10 percent of its March average but only if the United States joins the cuts, Bloomberg has reported citing sources it said were familiar with the dominant sentiment in the industry.
read more... 07/04/2020
Renewables surge by 176GW in 2019
The renewable energy sector added 176GW of generating capacity globally in 2019, slightly lower than the 179GW added in 2018, according to a new report.
read more... 07/04/2020