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Daily (07.01.2022): Oil prices hit their highest level since late November on Thursday
Oil prices continued their increase on Thursday, due to escalating unrest in Kazakhstan and supply outages in Libya. Furthermore, rising interest rates and concerns about demand in the US also lent support to prices. Thus, Brent crude futures surged by 1.5% to $81.99 a barrel and West Texas Intermediate (WTI) gained 2.1% at $79.46 a barrel. Both contracts hit their highest since late November.
read more... 07/01/2022
RWE, Northland partner to develop 1.3GW offshore wind cluster in Germany
Located north of the island of Juist, in Lower Saxony in Germany, the cluster will consist of three offshore wind farms, which are expected to begin commercial operations between 2026 and 2028
read more... 07/01/2022
World's largest coal port to be completely powered with clean energy
The world’s largest coal plant located in Australia declared it would be powered completely by renewable energy, part of a larger plan to decarbonize its business by 2040.
read more... 07/01/2022
Netherlands nearly doubles estimated Groningen gas output to secure supply
The Dutch government expects to increase the amount of gas it allows to be produced from the Groningen gas field to up to 7.6 billion cubic meters (BCM), from an earlier estimate of 3.9 BCM.
read more... 07/01/2022
Daily (06.01.2022): European carbon prices jumped by more than 3% on Wednesday, on the back of bullish energy markets and low liquidity
Crude oil prices rose on Wednesday, on favorable US employment data, as well as a further drop in crude stocks in the United States. As such, Brent oil increased by 1% to $80.80 a barrel and WTI crude gained 1.1% at $77.85 a barrel.
read more... 06/01/2022