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US power generation by renewables exceeded 20% in 2020
Electrical generation by US wind and solar set new records in 2020. In fact, it was 16.7% greater in 2020 than a year earlier, according to a SUN DAY Campaign analysis of new data just released by the US Energy Information Administration (EIA).
read more... 25/02/2021
German solar batteries demand soar by nearly 50% in 2020
Demand for German solar batteries soared by 47% last year.
read more... 25/02/2021
Daily (24.02.2021): Oil prices stable after record highs, but general bullish sentiment is surrounding the market
Crude oil prices diverged on Tuesday, but ended rather flat after hitting fresh 2021 highs amid a lack of major events to impact the oil sellers. Hence, Brent crude added 0.2% to settle at $65.37 a barrel, buoyed by signs that global coronavirus restrictions were being eased. Meanwhile, U.S. WTI crude steadied at $61.67 a barrel amid uncertainty about the return of Texas crude production and concerns about the pace of a U.S. economic recovery.
read more... 24/02/2021
Oil products caught between Covid and green push
Most forecasts for products demand and prices have been steadily revised upwards as vaccination programmes have got underway and this has created positive market sentiment, Argus' global head of oil products Stephen Jones told the forum held today during the IP Week conference. But, any actual demand recovery will depend on how quickly governments lift lockdown measures. One major unknown is how well the vaccines will deal with new variants of Covid-19.
read more... 24/02/2021
EU says it does not need Nord Stream 2, but only Germany can block it
The European Union does not need the Nord Stream 2 pipeline for its energy security but any decision to stop the project carrying Russian natural gas to Germany would have to come from Berlin, a senior European Commission official said on Tuesday.
read more... 24/02/2021