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Wind, low demand limit UK power sector CO2
Increased wind output and the lowest demand in over a year have reduced the call on fossil-fuel assets in the UK this month, putting the carbon intensity of the country's power sector on track for a significant decline despite record low nuclear generation.
read more... 25/08/2021
Daily (17.08.2021): EUAs strongly rebounded on Monday amid a bullish energy complex
Crude oil prices eased on Monday after data showed Chinese factory output and retail sales growth slowed sharply in July due to new restrictions. However, sources said that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months, limiting losses. As such, Brent crude fell by 1.7% to settle at $67.29 a barrel. At the same time, the American WTI lost 1.6% at $69.51 a barrel.
read more... 17/08/2021
UK must double hydrogen output to reach net zero carbon target
Boris Johnson must act with the dual goal of “more urgency” to produce so-called low-carbon hydrogen by 2030 in order for the UK to reach its net zero emissions target. Warns the industry group.
read more... 09/08/2021
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Daily (03.08.2021): European spot electricity prices skyrocketed by over 200% on Monday amid expectations of low wind
Crude oil prices fell for the second day in a row on Monday as highly contagious Delta variant of coronavirus sparked new mobility restrictions around the world, raising worries about demand recovery. Higher crude output from OPEC producers put further downward pressure on crude prices. Hence, Brent crude shed by 4.9% to settle at $72.58 a barrel. U.S. WTI crude ended 3.6%, lower at $71.26.
read more... 03/08/2021
Daily (21.07.2021): Carbon prices hit a 4-week low following weak auction activity
Crude oil prices closed higher on Tuesday, as the new OPEC+ deal should provide some stability to the market over the coming months in spite of the higher output. As a result, Brent crude oil rose 1.1% to $69.35 a barrel and WTI crude ended up 1.2% to $67.20 a barrel.
read more... 21/07/2021