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Daily (16.12.2021): European carbon prices were bullish on Wednesday, due to volatile trading ahead of options contract expiry
Oil prices increased slightly on Wednesday, as bearish pressure from the spread of the Omicron variant was counterbalanced by a larger-than-expected drop in US crude reserves. Thus, both Brent oil and WTI crude inched 0.2% higher at $73.88 a barrel and $70.87 a barrel, respectively.
read more... 16/12/2021
Dutch explore nuclear 'taboo' as part of energy transition
The Netherlands may build two nuclear reactors, its government-in-waiting said on Wednesday, signalling a possible radical shift in energy policy as it seeks to keep a transition to a carbon-neutral economy on track.
read more... 16/12/2021
Bulgaria's parliament freezes power prices for households
Bulgaria's lawmakers voted on Wednesday to shield households from surging energy costs by freezing their electricity and heating prices at current levels in the European Union's poorest state, a move slammed by power distribution companies.
read more... 16/12/2021
Vattenfall reaches final investment decision for two Danish wind farms
Vattenfall has reached the final investment decision (FID), valued at $866m (€769m), to build the Vesterhav Syd (168MW) and Vesterhav Nord (176MW) offshore wind farms in Denmark.
read more... 16/12/2021
Daily (15.12.2021): Oil prices extended losses on Tuesday amid Omicron variant outbreak, bearish oil demand forecast from IEA
Crude oil prices continued to lose ground for a second straight day on Tuesday. Apart from the ongoing Omicron virus concerns, the losses were attributed to fears of a global oversupply. Moreover, the International Energy Agency (IEA) lowered its forecast for oil demand this year and the next by 100,000 barrels per day each. Hence, Brent crude fell by 69 cents, or 0.9%, to settle at $73.70. U.S. WTI crude settled down 56 cents, or 0.8%, at $70.73 a barrel.
read more... 15/12/2021