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Daily (09.02.2021): Oil prices ended at their highest levels since January 2020 amid supply cuts, stimulus optimism
Crude oil futures rallied to their highest levels since January 2020 amid Saudi Arabia’s extra supply cut from February, U.S. stimulus hopes and dollar weakness. Hence, Brent crude for April delivery soared by $1.22, or 2.1%, to close at $ 60.56 a barrel. U.S. WTI crude increased by $1.12, or 2%, to settle at $57.97 a barrel.
read more... 09/02/2021
bp and EnBW selected as preferred bidders for 3GW offshore wind in Irish Sea
bp and German energy company Energie Baden-Wuerttemberg AG (EnBW), have been awarded two offshore wind farm leases in the Irish Sea, with a total capacity of 3GW.
read more... 09/02/2021
India to be largest source of energy demand growth to 2040
India will make up the biggest share of energy demand growth at 25% over the next two decades, as it overtakes the European Union as the world’s third-biggest energy consumer by 2030, the International Energy Agency (IEA) said.
read more... 09/02/2021
German, Canadian reactors set new world records
The single-unit Grohnde nuclear power plant in Germany has produced more than 400 terawatt hours of electricity since it started up in 1984 - the only reactor to have achieved this milestone. Meanwhile, unit 1 of Canada's Darlington nuclear power plant has set a new world record with 1106 consecutive days of continuous operation.
read more... 09/02/2021
Daily (08.02.2021): European carbon prices gained 2.5% on Friday, reaching another record-high
Oil prices edged higher on Friday, as OPEC members maintained optimism regarding recovery of global demand for black gold, at the same time continuing to enforce supply control policies. As a result, Brent crude increased by 0.9% to $59.34 a barrel, and WTI oil closed 1.1% higher at $56.85 a barrel.
read more... 08/02/2021