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Daily (27.08.2021): European front-year electricity prices held close to all-time highs on Thursday amid bullish fuels and carbon
Oil prices retreated on Thursday, snapping a three-day rally amid surging COVID-19 infections and as Mexico restored some supply after a fire disruption. Hence, Brent crude fell by $1.18, or 1.6%, to settle at $71.07 a barrel. U.S. WTI crude settled down 94 cents or 1.4% at 67.42 a barrel.
read more... 27/08/2021
Swiss government rejects post-2050 fossil fuel ban
The government suggested toning down the demands made in an environmentalists' petition for referendum, the so-called glacier initiative. The initiative calls for a ban on marketing fossil fuels in the country after 2050 to be enshrined in Switzerland's constitution, and for carbon storage counting towards Switzerland's climate target to be restricted to its domestic territory.
read more... 13/08/2021
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UK pushes floating wind farms in drive to meet climate targets
In waters 15km south-east of Aberdeen, renewable energy companies are preparing to celebrate yet another landmark in the drive to end Britain’s reliance on fossil fuels.
read more... 03/08/2021
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IEA: Electricity demand growth will require more fossil fuel production
The demand for global electricity is growing faster than renewable energy capacity and therefore will require more power to be generated from fossil fuels.
read more... 19/07/2021
Daily (02.07.2021): German Cal'22 power extended 12-year highs on Thursday amid bullish fuels and carbon prices
Crude oil futures surged on Thursday, to close above $75 a barrel for the first time since 2018 as the OPEC+ deal was adjourned after producers earlier signaled a tentative agreement to only gradually increase supplies through the end of the year. Hence, Brent crude rose by 1% to $75.84 a barrel, while U.S. WTI crude soared by 2.4% to $75.23 a barrel.
read more... 02/07/2021