Latest news
Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive
Qatar Petroleum’s recently set a new record for the largest LNG export project ever. By 2026, the country will once again become the world's largest supplier of liquefied natural gas by overtaking Australia. The signing of the contract was delayed for a year due to economic uncertainty as a direct consequence of the Covid-19 pandemic. With the mega-expansion, the market could be oversupplied for years and the feasibility of other projects that are awaiting their investment decision could be in jeopardy.
read more... 23/02/2021
EU eyes two-thirds renewable gas by 2050
The consultation, which will run until 10 March, is part of a hydrogen and gas markets "decarbonisation" package, a proposal for which is expected by the end of June.
read more... 12/02/2021
European Parliament wants expanded carbon border
All imports of products and commodities now under the EU's emissions trading system (ETS), including when embedded in intermediate or final products, should be covered from 2023 by a carbon border adjustment mechanism, the European Parliament's environment committee said today.
read more... 05/02/2021
Daily (02.02.2021): Oil climbed to the highest level in three weeks on Monday amid supply cuts, lower U.S. inventories
Oil prices surged to their highest levels in three weeks on Monday, buoyed by falling U.S. crude inventories and a further reduction in Saudi production. A change in the sentiment, which was driven by broader market strength, following positive economic data, brought additional support to oil markets. Brent crude rose by 0.9% to settle at $56.35 a barrel. Meanwhile, U.S. WTI crude soared by $1.35, or 2.6%, to close at $53.55 a barrel. For month, both benchmarks gained nearly 8%.
read more... 02/02/2021
Daily (01.02.2021): EUAs prices slumped by about 3% on Friday as the first auction cleared at a sizeable discount
Crude oil futures evolved differently at the end of a relatively calm week in the crude markets, with gains limited by the still murky outlook for oil demand. Hence, Brent crude rose by 0.6% to $55.88 a barrel on Friday. At the same time. U.S. WTI crude lost 0.3 % to settle at $52.20 a barrel. Both oil benchmarks moved in a narrow range last week, with Brent fluctuating between $55 and $56 a barrel, while WTI between $52 dollars and $53.
read more... 01/02/2021