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Daily (14.06.2021): European power prices decreased on Friday amid strong renewable output and weaker CO2 markets
Oil prices rose on Friday, hitting fresh multi-year highs as an improved demand outlook continues to boost market sentiment. The rollout of the vaccine in North America as well as Europe is helping to restore demand, while crude supplies remain unchanged. Thus, Brent crude edged 0.2% higher at $72.69 a barrel. At the same time, WTI crude increased by 0.9% to settle at $70.91 a barrel.
read more... 14/06/2021
Energy majors bid for Qatar LNG project despite lower returns
Six top western energy firms are vying to partner in the vast expansion of Qatar's liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.
read more... 14/06/2021
Daily (04.06.2021): French and German spot above 71 EUR/MWh on Thursday as renewable output wanes
Oil prices steadied as the slow roll-out of vaccinations and high infections rate in countries like Brazil and India counterbalanced demand prospects and US economic data. As such, Brent crude and WTI crude settled at $71.31 and at $68.81 a barrel respectively on Thursday.
read more... 04/06/2021
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World's coal producers now planning more than 400 new mines
The world’s coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity, research published on Thursday showed, putting targets for slowing global climate change at risk.
read more... 03/06/2021
Daily (02.06.2021): Oil prices continue to climb, with Brent above $70 a barrel amid as OPEC+ sticks with plans to raise output
Crude oil futures extended gains on Tuesday as cartel OPEC+ agreed at its latest ministerial meeting to increase output as planned over the next two months. Hence, Brent crude increased by 93 cents, or 1.3%, to settle at $70.25 a barrel. U.S. WTI crude rose by 1.2% to end at $67.72 a barrel.
read more... 02/06/2021