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Daily (30.03.2019): NBP spot tumbled by 21% on a weekly basis, as weak demand outweighed stimulus hopes
Crude oil prices extended losses on Friday, posting the fifth consecutive weekly decline, as governments’ financial stimulus to eliminate the coronavirus pandemic could not stop the decline in global demand. Brent crude dropped by 5.4% to $24.93 a barrel. WTI futures traded 4.8% down at $21.51 a barrel.
read more... 30/03/2020
Hungary allocates 131.4 MW of PV in renewables auction
The Hungarian Energy and Public Utility Regulatory Authority (HEPURA) has published a list of 72 clean energy projects that it selected in the country’s first technology-neutral renewable energy auction in late October.
read more... 30/03/2020
EU power prices could drop 40% on recession – Thema
Continental European power prices could fall by up to 40% to EUR 20-25/MWh on average next year should efforts to curb the coronavirus cause a global recession, said Oslo-based consultancy Thema.
read more... 30/03/2020
LNG suppliers flood market with excess spot cargoes as demand shrinks
Liquefied natural gas (LNG) suppliers are flooding the market with excess spot cargoes, generating fresh headwinds for prices, as demand dwindles globally because the coronavirus outbreak has disrupted industrial output and people’s movement.
read more... 30/03/2020
World adds 60.4 GW of wind in 2019
The world installed 60.4 GW of wind power capacity in 2019, of which 70% in China, the US, the UK, India and Spain, the latest Global Wind Report by the Global Wind Energy Council (GWEC) reveals.
read more... 27/03/2020