Latest news
Australia forecasts drop in coal output under pressure from Chinese curbs
China is the second-biggest buyer of Australia's thermal coal burned in power plants and metallurgical coal used to make steel
read more... 21/12/2020
Daily (18.12.2020): EUAs at around 32€ highs on Thursday due to tighter EU climate targets and short-auction supply
Crude oil prices continued their upward trend on Thursday, spurred by a larger-than-expected U.S. crude stockpile draw and by optimism about a coronavirus relief package in the United States and record-breaking refining demand in China and India. Hence, Brent crude rose by 42 cents, or 0.8%, to end at $51.50 a barrel. Meanwhile, WTI crude settled 54 cents, or 1.1%, higher at $48.36 per barrel. Both contracts closed again at nine-month highs.
read more... 18/12/2020
New strategy requires UK oil and gas sector to support net-zero target
A revised Strategy from the UK’s petroleum regulator Oil & Gas Authority (OGA), featuring a range of new net-zero obligations for the UK oil and gas industry, was submitted for laying before the UK Parliament on Wednesday, 16 December 2020.
read more... 18/12/2020
Electricity prices set to fall in Sweden, Finland, rise in Norway over next 5 years
The change in prices results from rising demand from the transport sector and industry, the addition of wind power capacity and new interconnectors with the rest of Europe, the grid operator said
read more... 18/12/2020
Hydrogen Production Is Set To Increase 5000% In Just 5 Years
After decades of stagnation and multiple false dawns, the hydrogen economy appears primed for a major takeoff. A growing number of countries and industries are proactively investing in hydrogen technologies, with hydrogen being touted as the ‘fuel of the future.’ Meanwhile, industry experts are predicting that hydrogen could become a globally traded energy source, just like oil and gas, while the Bank of America says the industry is at a tipping point and set to explode into a $11 trillion marketplace. For a sector that has been vilified for so long, those bullish projections can appear like a bad case of blue-sky thinking. Yet, they are beginning to take shape right as we watch.
read more... 18/12/2020