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Daily (06.01.2020): Oil prices surged by about 5% on Tuesday amid OPEC output deal, Iran tensions
Crude oil futures rallied on Tuesday, after OPEC+ reached an agreement on production curbs starting in February, with Saudi Arabia voluntarily taking on a larger reduction. Continuing tensions over Iran’s seizure of a South Korean vessel brought further support to oil prices. Hence, Brent crude jumped by $2.51, or 4.9%, to settle at $53.60 a barrel. Meanwhile, U.S. WTI crude surged by $2.31, or 4.9%, to close at $49.93 a barrel.
read more... 06/01/2021
Greece plans May opening of 350-MW wind, solar tender
Greece plans to launch a combined tender for up to 350 MW of solar and wind power capacity in May, the country’s Regulatory Authority for Energy (RAE) announced.
read more... 06/01/2021
Enel Green Power, Nareva ink PPA for 270-MW wind project in Morocco
Moroccan electric and water utility ONEE has signed a power purchase agreement (PPA) with a consortium formed by Italy’s Enel Green Power and Moroccan energy company Nareva Holding related to the 270-MW Jbel Lahdid wind farm that the duo will build in the North African kingdom.
read more... 06/01/2021
Serbia to pay less for Russian gas
Serbia will pay less for Russian gas delivered through the extension of the 31.5bn m³/yr Turkish Stream pipeline than for gas shipped through Ukraine.
read more... 06/01/2021
Daily (05.01.2020): Carbon prices strengthened by 3% on Monday amid a bullish energy market
The OPEC+ meeting on Monday was expected to lend support to oil prices. The members, however, had delayed on taking a decision for one more day. As such, due to investor’s prudence, Brent crude ended 1.4% lower at $51.09 a barrel, while WTI oil fell 1.9% to $47.62 a barrel.
read more... 05/01/2021