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Daily (07.07.2021): Oil prices slumped by over 3% on Tuesday after OPEC producers canceled meeting over supply dispute
Crude oil prices slumped on Tuesday after OPEC producers failed to agree a supply increase. On Monday, ministers from OPEC canceled a meeting after failing to resolve a dispute between the largest producer Saudi Arabia and the United Arab Emirates. Hence, Brent crude slumped by $2.63 a barrel, or 3.4%, to settle at $74.53 a barrel. U.S. WTI crude tumbled by $1.79, or 2.4%, to end at $73.37 a barrel.
read more... 07/07/2021
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Acciona places firm deal for Nordex turbines at 923-MW Aussie wind farm
German wind turbine maker Nordex SE said today it has received a firm order to supply turbines for Acciona Energia’s 923-MW MacIntyre wind project in Queensland, Australia.
read more... 07/07/2021
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French gas storage mechanism seen paving way for 100% renewable gas
The European Commission’s green light for a natural gas storage aid scheme in France was welcomed by infrastructure operator Storengy, which says it will allow the transition to 100% renewable gas. EURACTIV France reports.
read more... 07/07/2021
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Baltic States Cut Energy Imports from Russia, Belarus
Lithuania’s electricity transmission system operator Litgrid has said it would slash threefold its electricity imports from Belarus as a step toward abandoning electricity intake from Russia and Belarus by 2025 and joining the European Union’s (EU) energy system.
read more... 07/07/2021
Energy link to heal Anglo German relations after EURO clash?
Although England kicked Germany out of EURO 2020 a few days ago, a massive £1.4 billion energy link might bridge the feelings between the two countries.
read more... 06/07/2021