Latest news
Hungarian minister highlights importance of nuclear energy
The coronavirus pandemic has underlined the importance of the existing Paks nuclear power plant, which accounts for about half of Hungary's electricity generation, noted János Süli. The minister responsible for the design, construction and commissioning of two new reactors at Paks said that project will maintain the country's energy security and help revive its economy in the coming years.
read more... 03/04/2020
COVID-19: Iberdrola ‘will stick to 9GW expansion plan’
Renewables heavyweight Iberdrola will stick to its investment strategy to build 9GW of new capacity over the coming years and is accelerating €3.8bn in procurement orders to support the supply chain during the COVID-19 pandemic.
read more... 03/04/2020
Daily (03.04.2020): Brent and WTI surged by 21% and 25% respectively on Thursday as Trump signalled the price war might end soon
Crude oil futures increased considerably on Thursday, posting their biggest spike in a single session following a message from Donald Trump promising a reduction in Russian and Saudi production to rebalance the black gold market devastated by the covid-19 pandemic. At the same time, Saudi Arabia called for an urgent meeting of the OPEC and other countries, including Russia, to re-establish a balance in the oil markets.
read more... 03/04/2020
CO2 may plumb fresh lows this month on virus impact
The coronavirus pandemic is likely to maintain pressure on carbon prices in April, potentially sending them to fresh two-year lows as the world locks down communities to reverse the pace of infections.
read more... 02/04/2020
Daily (31.03.2020): Oil prices plummeted to 18-year lows on Monday as demand suffers an unprecedented decline
Crude oil prices crashed to fresh 18-year lows on Monday as growing fears over the coronavirus pandemic eroded demand, while the Saudi Arabia-Russia price war threatened to overload the market. Brent crude collapsed by 8.7% to close at $22.76 a barrel, the lowest settlement since November 2002. Meanwhile, the U.S. WTI crude plunged by 6.6% to end at $20.09 a barrel.
read more... 31/03/2020