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G7 Nations Invest More In Fossil Fuels Than Clean Energy Despite Pledges
The G7 nations have been pumping more in fossil fuels than in clean energy since the start of the pandemic, despite headline-grabbing pledges for ‘building back greener’, a new report found on Wednesday.
read more... 03/06/2021
Daily (31.05.2021): French and German spot power prices tumbled by around 23% on Friday driven by expectations on surging renewable output
Oil prices diverged on Friday as the Iranian supply concerns and Asian pandemic situation put pressure on WTI crude price. As such, it fell by 0.8% to end at $66.32 a barrel. In contrast, Brent crude settled slightly higher on Friday at $69.63 a barrel amid improving demand outlook and strong economic data.
read more... 31/05/2021
EU confirms carbon market permit surplus grew in 2020
The amount of permits in circulation in Europe's carbon market increased last year, as the COVID-19 pandemic caused emissions covered by the scheme to drop, the European Commission said on Wednesday.
read more... 13/05/2021
Daily (03.05.2021): Oil prices dropped by 2% on Friday, weighed by profit-taking and India’s pandemic situation
Crude oil prices ended lower on Friday, weighed by the Covid-19 situation in India and fears for black gold demand. Meanwhile, profit-taking after three sessions of gains also put pressure on prices. As a result, Brent crude fell by 1.9% to $67.25 a barrel, and WTI oil ended 2.2% down at $63.58 a barrel.
read more... 03/05/2021
Daily (30.04.2021): Crude oil prices rose nearly 2% on Thursday, supported by worldwide economic recovery optimism
Crude oil prices strengthened further on Thursday, following optimism from economies around the world recovering from the pandemic and in turn boosting demand for black gold. Thus, Brent crude gained 1.9% to $68.56 a barrel, while WTI oil ended 1.8% up at $65.01 a barrel.
read more... 30/04/2021