Crude oil futures turned bullish on Monday as signs of improving demand due to OPEC+ production cut agreement offset concerns that a resurgence of the virus could weigh on the global economy. Hence, Brent crude for August delivery soared by 99 cents, or 2.6%, to settle at $39.72 a barrel. At the same time, U.S. WTI crude for July delivery rose by 86 cents, or 2.4%, to end at $37.12 a barrel.
read more... 16/06/2020
Eight UK organisations have signed new agreements to develop and provide renewable energy technologies, services and research in China.
read more... 10/06/2020
Spanish group Acciona SA has secured a ten-year renewable energy power purchase agreement (PPA) with compatriot telecommunications company Telefonica SA.
read more... 09/06/2020
Crude oil prices stretched gains on Wednesday, on a potential new agreement between OPEC and its allies to cut crude supplies. Nevertheless, a weekly increase in U.S crude inventories supported the bullish trend. As a result, Brent crude increased by 0.6% to $39.79 a barrel. Similarly, WTI futures traded 1.3% higher at $37.29 a barrel.
read more... 04/06/2020
Swedish energy company Vattenfall and transmission system operator (TSO) TenneT have signed an agreement for the construction of offshore grid connection for the 760MW Dutch offshore wind farms Hollandse Kust (Zuid) 3 and 4 to be located in the North Sea.
read more... 22/04/2020