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Daily (02.09.2020): EUAs fell by over 3% on Tuesday amid full-sized auctions resumption
Oil prices ended slightly higher on Tuesday, supported by persisting weak dollar and indicators showing a good performance in manufacturing activity in China and the United States. Moreover, foreacsts for a sixth weekly drawdown in U.S. crude stockpiles added further support to oil prices. Hence, Brent crude for November delivery rose by 30 cents, or 0.7% to settle at $45.58 a barrel. At the same time, U.S. WTI crude for October delivery added 15 cents, or 0.4%, to end at $42.76 a barrel.
read more... 02/09/2020
Germany determined to complete Nord Stream 2 pipeline despite US pressure, Merkel says
Chancellor Angela Merkel reaffirmed the German government's determination to complete the construction of the Nord Stream 2 gas pipeline from Russia, despite attempts by the United States to kill the project.
read more... 02/09/2020
Siemens merges wind energy generation unit into Flender
Flender GmbH, a German mechanical drive systems maker fully owned by Siemens AG, has absorbed the wind energy generation (WG) unit of its parent in preparation for its planned listing next year.
read more... 02/09/2020
National Grid boss warns Britain risks power blackouts due to a decaying electricity network as he asks Ofgem for right to raise customers' bills
Sheffield is at heightened risk of blackouts, as it is served by just two power lines Should one fail, the city could only rely on the other to provide all of its power National Grid boss John Pettigrew warned older power lines will start to 'decay'
read more... 02/09/2020
Turkey’s Soyak eyes investment in geothermal energy in Croatia
The Turkey-based Soyak is interested in investing in geothermal energy in the Croatian municipalities of Legrad and Đelekovec.
read more... 01/09/2020