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Daily (19.05.2021): Fiercely falling carbon prices weighed on the European energy complex on Tuesday
Crude oil prices fell on Tuesday due to rising concerns about the coronavirus situation in Asia and amid ongoing talks between world powers on a revival of the Iran nuclear deal, which would bring more supply to the market. Hence, Brent crude moved 1.1% lower to settle at $68.71 a barrel, after initially having traded upwards above $70 a barrel. Meanwhile, U.S. WTI crude declined by 1.2% to end at $65.49 a barrel.
read more... 19/05/2021
ENGIE and HITA partner on geothermal development in Belgium
Belgium geothermal developer HITA announcers that it has signed a cooperation agreement with ENGIE and HITA for the development of deep geothermal projects in Antwerp and Limburg in Belgium.
read more... 19/05/2021
European gigafactories essential to supply growing EV demand
With a number of gigafactories currently being built, Europe is becoming a growth market for battery manufacturing, which is essential to ensuring that Europe's fast-growing electric vehicles (EV) market can source locally supplied batteries, according to battery manufacturing panelists at the Bloomberg New Energy Finance (BNEF) Munich Summit May 17.
read more... 19/05/2021
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Gazprom shrugs off renewables with prediction of rising gas demand
Russian gas giant Gazprom expects demand for natural gas to grow in the coming decades and for it to play a bigger role in energy consumption than renewable sources and hydrogen, a company official said on Tuesday.
read more... 19/05/2021
Daily (18.05.2021): European carbon prices retreated on Monday, but still hover above 56 EUR/tonne
Crude oil saw an upwards adjustment on Monday despite worsening coronavirus situation in Asia, with the market still hoping of a demand recovery. Hence, Brent crude increased by 1.1% to settle at $69.46 a barrel. U.S. WTI crude ended at $ 66.27 a barrel, notching a 1.4% gain day-on-day.
read more... 18/05/2021