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Daily (10.08.2021): Crude oil prices slumped to a three-week low on Monday amid new coronavirus restrictions in Asia
Crude oil prices slid to a three-week low on Monday as the new pandemic measures in Asia, especially China, the world-second largest oil consumer and largest crude importer, prompted fears of a demand slowdown. Hence, Brent crude fell by $1.66, or 2.4%, to settle at $69.04 a barrel. U.S. WTI crude shed by $1.80, or 2.6%, to settle at $66.48. Both benchmarks posted their lowest close since July 19.
read more... 10/08/2021
Daily (09.08.2021): Oil prices lost ground on Friday, weighed by coronavirus and demand worries
Crude oil prices retreated on Friday, pressured by the spread of the Delta variant of Covid-19 and concerns over demand for black gold. Consequently, Brent oil lost 0.8% to end at $70.70 a barrel and WTI crude fell by 1.2% to $68.28 a barrel.
read more... 09/08/2021
UK must double hydrogen output to reach net zero carbon target
Boris Johnson must act with the dual goal of “more urgency” to produce so-called low-carbon hydrogen by 2030 in order for the UK to reach its net zero emissions target. Warns the industry group.
read more... 09/08/2021
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Masdar, EDF laud first power from 400-MW wind farm in S Arabia
France’s EDF Renewables and Masdar have produced first power from their 400-MW Dumat Al Jandal wind farm in Saudi Arabia, the Kingdom’s first utility-scale wind park and the largest one in the Middle East.
read more... 09/08/2021
Hydroelectricity gets German trains on track
German railway operator Deutsche Bahn (DB) has signed a procurement deal for hydroelectric power from Norway.
read more... 09/08/2021