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Daily (13.01.2020): Oil prices escalated at highest levels since February on Tuesday amid Saudi cuts
Crude oil futures advanced on Tuesday, with prices approaching pre-coronavirus levels, continuing to be supported by last week’s surprised decision by Saudi Arabia to cut production by about 1m bbl/day in February and March. Hence, Brent crude rose by 92 cents, or 1.7%, to settle at $56.58 a barrel. At the same time, U.S. WTI crude gained 96 cents, or 1.8%, to end at $53.21. Both contracts finished at their highest level since February 21.
read more... 13/01/2021
RWE to sell 65 MW of French, Portuguese renewables to Kelag
German energy major RWE AG (ETR:RWE) announced it is divesting 65 MW of renewable power plants to Austrian energy utility Kelag.
read more... 13/01/2021
Ukraine 'unable' to meet demand for gas exports to Poland
Ukraine has been unable to meet robust demand for gas exports to Poland over the past several days due to existing capacity limitations, Serhiy Makohon, head of gas grid operator GTSOU, said Jan. 12.
read more... 13/01/2021
UK electricity prices hit record level as Britain's big freeze looms
Britain’s electricity prices have soared to an all-time high with gas also surging to a three-year record ahead of sub-zero temperatures forecast for much of the UK next week.
read more... 13/01/2021
DNV GL Exits Nord Stream 2 as New Sanctions Loom
DNV GL is withdrawing from the Nord Stream 2 gas pipeline in response to a possible widening of US sanctions against companies conducting pipeline testing, inspection, or certification services for the project to bring more Russian gas to Europe.
read more... 12/01/2021