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European power prices to ease after 2023 on lower gas prices, renewable capacity gains
European power prices are forecast to remain at current elevated levels until 2023 on capacity closures, slight demand gains and rising carbon prices, according to S&P Global Platts Analytics.
read more... 31/03/2021
Daily (30.03.2021): Oil prices continued to add ground on Monday amid suggestions that OPEC+ may extend output cuts to May
Oil prices rose slightly on Monday, neglecting traffic resumption through Suez Canal, with investors mostly watching the next ministerial summit of OPEC+ countries later in the week. Additionally, reports that Russia would support a rollover of oil output curbs to May contributed to strength in oil prices. Hence, Brent crude rose by 0.6% to settle at $64.98 a barrel. At the same time, U.S. WTI crude increased by 1% to end at $61.56 a barrel.
read more... 30/03/2021
Norway readies first offshore wind tenders to spur oil industry transition
Norway will press ahead with North Sea wind power this year, awarding its first development licences as it spurs the transition of its oil and gas industry and despite its already plentiful renewables supply.
read more... 30/03/2021
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UK needs 49.5GW of flexibility to become 100% renewable
Technology group Wärtsilä has stressed that the UK must install more flexible energy storage and gas technologies if it is to achieve an entirely renewable future.
read more... 30/03/2021
Iraq, Total agree to work jointly on associated gas, solar power projects
Iraq and French oil major Total agreed to jointly work on developing four associated gas and solar power projects, the country's oil ministry said March 29, as OPEC's second largest producer seeks to reduce dependence on Iranian energy imports needed for power generation.
read more... 30/03/2021