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Daily (30.11.2020): Oil prices edged higher on Friday ahead of the year-end OPEC+ summit
Oil prices moved slightly higher on Friday amid expectations for the year-end OPEC+ summit. Despite a calm market, Brent crude ended 0.8% higher at $48.18 a barrel. WTI oil gained 1.3% to close at $45.53 a barrel, a day after Thanksgiving in the US.
read more... 30/11/2020
EU approves German scheme to compensate hard coal plants for early closure
The energy regulator will publish seven tenders for the closure of hard coal and small lignite-fired power plants that will take place annually until 2026
read more... 30/11/2020
InterGen gets green light for ‘UK’s largest’ battery project in Essex
The £200m project is expected to provide at least 320MW of capacity, with the potential to expand to 1.3GWh
read more... 30/11/2020
Romania to apply EU gas network codes at non-EU borders
Romanian energy regulator Anre will apply EU network codes at the country's gas border points with Ukraine and Moldova, which could support greater interconnectivity, gas flows and trading liquidity between all three markets.
read more... 30/11/2020
Daily (27.11.2020): European carbon prices surged to a new two-month high on Thursday amid strong auction results
Oil prices slipped from multi-month highs on Thursday as vaccine optimism had fizzled out and near-term pandemic concerns had resurfaced. Meanwhile, a build in crude oil inventories in the U.S. added further pressure on oil prices. Hence, Brent crude shed by 1.7% to settle at $47.80 a barrel. U.S. WTI crude ended at $44.93 a barrel, posting a 1.7% decline day-on-day.
read more... 27/11/2020