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Daily (23.06.2021): EUAs climbed above 53 EUR/tonne on Tuesday, bolstered by strong gas, coal prices
Crude oil futures retreated on Tuesday, with Brent crude rathe flat following a day with no major events. However, expectations that OPEC+ may decide to further boost crude production starting in August added further pressure on oil prices. Hence, Brent crude steadied at $74.81 a barrel. At the same time, U.S. WTI crude decreased by 1.1% to $72.85 a barrel.
read more... 23/06/2021
Austria starts process on geothermal for heat development roadmap
The Austrian Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology (Bundesministerium für Klimaschutz, Umwelt, Energie, Mobilität, Innovation und Technologie) and the Climate and Energy Fund are starting the process of drawing up a research and development roadmap (R&D roadmap) for geothermal energy in Austria.
read more... 23/06/2021
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Spain to suspend 7pc power generation tax in 3Q
The Spanish government will suspend a 7pc blanket tax on power generation for the third quarter as part of provisional measures to mitigate the impact of high wholesale electricity prices on consumers' bills, environment and energy minister Teresa Ribera said.
read more... 23/06/2021
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Germany's 2022-32 gas plan to integrate hydrogen
Hydrogen, biomethane and synthetic methane should be integrated into Germany's gas infrastructure, the country's transmission system operators (TSOs) said in the draft 10-year network development plan for 2022-32.
read more... 23/06/2021
Daily (22.06.2021): British near-term gas prices rallied at multi-year record highs on Monday amid outages in Norway, weak LNG send-outs
Crude oil futures soared on Monday amid inconclusive nuclear talks between world powers and Iran - which has elected a new hardline president - allaying prospects for a swift revival of the Islamic Republic’s crude exports. Hence, Brent crude increased by 1.9% to settle at $74.90 a barrel. Meanwhile, U.S. WTI crude surged by 2.8% to end at $73.66 a barrel.
read more... 22/06/2021