Latest news
Renewables set UK power generation records in 1H 2020
Wind, solar and biomass provided almost 70% of electricity, Drax report finds
read more... 01/09/2020
France's H1 wind turbine additions almost halve
A total of 363 MW of new wind turbine capacity started feeding electricity to the French power network in the first half of 2020, new statistics show.
read more... 01/09/2020
Daily (01.09.2020): Brent and WTI crude gained 4.6% and 5.8% respectively in August amid signs of a recovery in energy demand
Crude oil prices increased modestly in the last day of August, supported by a stronger-than-expected recovery in China’s service sector. Hence, Brent crude rose slightly by 0.5% to settle at $45.28 a barrel. At the same time, U.S. WTI crude added 0.8% to end at $42.61 a barrel. For August, Brent gained 4.6%, posting a fifth monthly increase in a row, while WTI saw a monthly gain of 5.8%, which represented a fourth straight monthly increase.
read more... 01/09/2020
Daily (31.08.2020): European carbon prices jumped to nearly €30 on Friday amid French nuclear outages
Oil prices ended slightly lower to flat on Friday as Hurricane Laura, which hit the U.S. Gulf Coast, caused less damage than feared on refineries, allowing infrastructure to start the recovery process. Hence, Brent crude stagnated at $45.05 a barrel, while U.S. WTI crude lost 0.2% to end at $42.97 a barrel. However, on a weekly basis, Brent and WTI rose by 1.5% and 1.6% respectively, as investors shifted their focus from the storm toward the fragile rebound in consumption amid the pandemic.
read more... 31/08/2020
Daily (28.08.2020): British near-term gas prices retreated from multi-month highs on Thursday amid ample supply, cooler temperatures
Crude oil futures ended lower on Thursday as Hurricane Laura was less catastrophic than predicted, with Gulf of Mexico production expected to recover soon. Hence, Brent crude for October delivery fell by 55 cents, or 1.2%, to settle at $45.09 a barrel. At the same time, U.S. WTI crude declined by 35 cents or 0.8% to end at $43.04 a barrel.
read more... 28/08/2020