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Daily (04.02.2021): Carbon prices soared by 7% on Wednesday amid strong auction results
Oil prices continued to push towards one-year highs on Wednesday, as the EIA weekly report showed a drop in US crude stocks. At the same time, the conclusion of the monthly OPEC+ summit lent additional support to prices. As such, Brent and WTI crude closed 1.7% higher at $58.46 and $55.69 a barrel respectively.
read more... 04/02/2021
EWE expands German wind portfolio with 28-MW purchase
Germany’s EWE Erneuerbare Energien (EWE) has acquired a 28-MW portfolio of onshore wind projects at home from Switzerland-based investor InvestInvent.
read more... 04/02/2021
Lithuania, Poland cross-border section of new gas link laid
The gas grids of Lithuania and Poland have now been directly linked after the cross-border section of the under-construction interconnector between the two countries was laid, Lithuanian transmission system operator Amber Grid said Feb. 2.
read more... 04/02/2021
UK power sector CO2 hits 14-month high
The carbon intensity of the UK power sector reached its highest level in over a year in January, as rising demand coincided with low wind production and restricted nuclear capacity to boost fossil-fuel generation.
read more... 04/02/2021
Daily (03.02.2021): Oil prices soared by about 2% on Tuesday to hit their highest levels in over a year
Crude oil prices rallied on Tuesday to hit the highest settlement in over a year as OPEC+ group, which will meet later this week to review the oil market, is expected to reduce production. Hopes that the U.S. Congress will adopt the long-awaited $1.9 trillion economic stimulus package were supporting the U.S. crude benchmark. Hence, Brent crude rose $1.11, or 2%, to end the session at $57.46 a barrel. U.S. WTI crude soared by $1.21, or 2.3%, to settle at $54.76 a barrel.
read more... 03/02/2021