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Sunny side up: Poland’s solar energy output soars
Poland’s expected solar energy output is to peak at 8 gigawatt (GW) by 2025 and possibly place the country in the EU’s top 10, according to the latest report by the Renewable Energy Institute (IEO in Polish).
read more... 22/06/2020
Norway To Slow Onshore Wind Development Amid Protests
Norway plans stricter rules for onshore wind power installations, including turbine height and shorter project timelines, as it looks to respond to calls from the public to protect the environment when approving wind power development sites.
read more... 22/06/2020
Daily (22.06.2020): The German Cal'21 power price reached 40€ on Friday for the first time since March amid stronger oil and coal prices
Crude oil futures gained ground on Friday amid encouraging signs of demand recovery as OPEC and its allies are fully committed to cut production. Hence, Brent crude for August delivery rose by 68 cents, or 1.6%, to settle a barrel at $42.19 a barrel. At the same time, U.S. WTI crude for July delivery soared by 91 cents, or 2.3%, to end $39.75 a barrel. For the week, Brent crude rallied by 8.9%, while WTI jumped by 9.6%.
read more... 22/06/2020
Shell to supply carbon-neutral LNG cargoes to China’s CNOOC
LNG giant Shell said it recently signed a deal to supply carbon-neutral liquefied natural gas cargoes to CNOOC Gas & Power Group, a unit of China National Offshore Oil Corporation.
read more... 22/06/2020
Daily (19.06.2020): EUAs broke key technical resistance levels, to trade above €24 on Thursday amid speculator sentiment, bullish auction result
Crude oil futures climbed on Thursday following the OPEC+ monitoring panel meeting that emphasized the critical importance of adhering to full conformity. However, additional coronavirus cases reported in parts of the United States and China added to market jitters. Hence, Brent crude for August delivery soared by 80 cents, or 2%, to settle at $41.51 a barrel. At the same time, U.S. WTI crude settled at $38.84 a barrel, up 88 cents, or 2.3%.
read more... 19/06/2020