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Daily (01.06.2020): WTI crude hovered above $35 a barrel on Friday, gaining 6.7% for the week
Crude oil futures gained ground in the last trading day of the month after the release of the EIA’s report showing a further drop in oil well drilling in the United States. Hence, Brent crude for July delivery rose slightly to $35.33 a barrel, while, the more active August contract settled at $37.84, edging $1.81 higher, or roughly 5%. WTI crude for July delivery settled at $35.49 a barrel, surging $2.24, or 5.3%.
read more... 01/06/2020
Iberdrola subsidiary secures 62 Siemens Gamesa wind turbines for offshore project in France
The wind turbines will be installed at Ailes Marines’s facility in France, generating 750 jobs in the process.
read more... 01/06/2020
Italy's Enel to close one Brindisi coal unit in 2021
Italian utility Enel will shut down one of the four units of its 2.4GW Brindisi south coal-fired plant starting from next year.
read more... 01/06/2020
UK gas charging reform to be implemented from 1 Octobe
UK energy regulator Ofgem will introduce a reform to the UK's gas transmission charging regime from the start of October, with no changes from its previous recommendations.
read more... 01/06/2020
Daily (29.05.2020): UK gas prices plunged to historical lows due to oversupply and weak demand
Crude oil futures turned higher on Thursday, shrugging off an unexpected rise in U.S. crude stockpiles as traders focused on falling gasoline stocks and a further decline in crude stored at the New York Mercantile Exchange’s delivery hub in Cushing, Oklahoma. Moreover, expectations for further oil outputs cuts by Russia starting from July added to the upbeat sentiment.
read more... 29/05/2020