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EU approves German coal phase-out tender mechanism
The European Commission today said Germany's coal phase-out tender mechanism to compensate operators for early closures promotes climate objectives and is in line with state-aid rules. But it said it will investigate the mechanism for closing lignite-fired plants.
read more... 26/11/2020
UK gas tariff changes add to 1Q21 uncertainty
Looming and as-yet unquantified changes to UK gas transmission capacity charges expected early next year have reduced the visibility of the cost of moving gas in and out of the UK.
read more... 26/11/2020
Russian oil giant announces start of vast Arctic project
He thanked Putin, with whom he has close relations, for the adoption of a law facilitating Russian investments in the Arctic
read more... 26/11/2020
Daily (25.11.2020): Oil futures surged to 9-month high on Monday amid strong optimism on coronavirus vaccine, transition to Biden presidency
Crude oil futures climbed to fresh multi-month highs on Tuesday as optimism arising from potential coronavirus vaccines overshadows inventory build-up in the US. The beginning of transition of power in the White House added further support to WTI. Hence, Brent crude surged by $1.80, or 3.9%, to close at $47.86 per barrel. Meanwhile, U.S.WTI crude soared by $1.85, or 4.3%, to finish at $44.91 per barrel. Both contracts reached their highest settlements since March, even returning to levels before the outbreak of the coronavirus pandemic.
read more... 25/11/2020
UK ranked fifth-best country for renewable deployment
The US has held its place at the top of the global ranking, while China remains in the second spot, according to EY’s Renewable Energy Country Attractiveness Index
read more... 25/11/2020