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Daily (04.05.2020): First weekly gain in a month for Brent crude, as OPEC alliance started to cut more production
Crude futures added ground on Friday, after OPEC and its allies started to reduce more production to tackle the supply excess caused by the coronavirus pandemic. Consequently, Brent crude traded 4.6% higher at $26.44 a barrel. Similarly, WTI futures climbed by 5% to $19.78 a barrel
read more... 04/05/2020
UK has 3.2 GW of CfD-backed operational offshore wind now
Almost 3.2 GW of offshore wind capacity in UK waters is now operational under the Contract for Difference (CfD) regime, following the start of contract payments to phases of the East Anglia One and Hornsea One projects.
read more... 04/05/2020
Biomass takes record share of UK power mix in April
Biomass-fuelled power generation in the UK accounted for a record 8.4% share of the nation’s power mix in April, while coal-fired power output pursued its terminal decline, TSO data showed on Friday.
read more... 04/05/2020
France’s April nuclear output plunges to record low
French nuclear output fell 16% year on year to 26.7 TWh in April, a record low for the month, amid the coronavirus crisis, preliminary TSO data showed on Friday.
read more... 04/05/2020
Daily (30.04.2020) Brent crude soared by 10% due to a drop in U.S oil and gasoline stocks
Crude futures soared on Wednesday, stimulated by a fall in U.S crude stocks and gasoline inventories. As a result, Brent crude jumped by 10.1% to $22.54 a barrel. WTI futures ended 22% higher at $15.06 a barrel.
read more... 30/04/2020