Crude oil futures posted minor gains on Tuesday amid evidence that OPEC+ complied 107% of agreed oil output cuts in June. However, surging COVID-19 cases globally and mounting tensions between the U.S. and China continue to weigh on oil prices. Hence, Brent crude added 18 cents, or 0.4%, to close at $42.90 a barrel. At the same time, U.S. WTI crude rose by 19 cents, or 0.5%, to settle at $40.29 a barrel.
read more... 15/07/2020
Valdesolar will start generating power later this year with construction slated for completion in early 2021
read more... 15/07/2020
Offshore wind financings in the first half of 2020 totalled $35bn up 319% year-on-year, according to a new report
read more... 15/07/2020
Siemens Energy will build the UK and Denmark converter stations on both ends of the 765 kilometre-long cable between the neighbouring countries
read more... 15/07/2020
Crude oil futures declined by about 1% on Monday as the market waited for direction ahead of OPEC meeting later this week that is expected to recommend an increase in output starting in August amid signs that demand is returning to normal levels following coronavirus-related lockdowns. The potential return of Libyan crude added further pressure to oil markets. Hence, Brent crude declined by 52 cents to settle at $42.72 a barrel. Meanwhile, U.S. WTI crude slipped by 45 cents to end at $40.10 a barrel.
read more... 14/07/2020