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Daily (28.10.2020): British near-term gas prices hit one-week low on Tuesday amid a less cold weather, strong wind power generation
Oil futures rebounded on Tuesday after the Tropical Storm Zeta slashed considerably the energy output in the Gulf of Mexico, while worries about the impact on demand from the ongoing surging globally in COVID-19 cases continue to weigh on the market. Hence, Brent crude for December delivery rose by 74 cents, or 1.8%, to end at $41.20 a barrel. At the same time, U.S. WTI crude for December delivery soared by $1.01, or 2.6%, to settle at $39.57 a barrel.
read more... 28/10/2020
German solar output at record high
German solar PV plants have already generated more electricity in 2020 than in any previous year, supported by an increase in capacity.
read more... 28/10/2020
CRE to restructure French nuclear sales scheme
French energy regulator CRE has proposed to restructure the Arenh nuclear output sale mechanism and rules surrounding its modification and cancellation in response to legal disputes that arose at the height of the Covid-19 crisis.
read more... 27/10/2020
Daily (26.10.2020): Carbon prices increased by over 5% on Friday, supported by short-covering and a bullish energy market
The prices for crude oil decreased on Friday, following Libya's decision to boost its oil output. The price for Brent oil dropped by 1.6% to close at $41.77 a barrel, while WTI crude slumped by 1.9% to trade at $39.85 a barrel.
read more... 26/10/2020
Daily (23.10.2020): British front-month gas prices hit fresh 2020 highs on Thursday amid unplanned Norwegian outages
Crude oil futures climbed on Thursday amid hopes for a new coronavirus aid package and a drop in U.S. weekly jobless claims. Prices also found support after Russian President Vladimir Putin said that he would be ready to extend oil output cuts in the face of the Covid-19 pandemic. Hence, Brent crude for December delivery soared by 73 cents, or 1.8%, to settle at $42.46 a barrel. Meanwhile, WTI crude gained 61 cents, or 1.5%, to end at $40.64 a barrel.
read more... 23/10/2020