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Daily (09.07.2021): Oil prices moved upwards on Thursday amid bigger than expected drop in U.S. inventories, OPEC impasse
Crude oil prices rebounded on Thursday amid much bigger drop than expected in U.S. crude and gasoline inventories, but uncertainty about global supplies continued to limit upside following a dispute between OPEC heavyweights over production plans. Hence, Brent crude rose by 69 cents, or 0.9%, to settle at $74.12 a barrel. U.S. WTI crude added 74 cents, or 1%, to close at $72.94 a barrel on the NYMEX.
read more... 09/07/2021
Daily (08.07.2021): Carbon EUAs lost 2.6% on Wednesday, pressured by sell-off and free allowance allocations
Oil prices fell on Wednesday, amid continued concerns over failed negotiations on crude production by OPEC+ members. As such, Brent oil ended 1.5% lower at $73.43 a barrel, and WTI crude dropped by 1.6% to $72.20 a barrel.
read more... 08/07/2021
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Spain aims to install 1-3 GW of floating wind turbines by 2030
Spain plans to install floating wind turbines on the deep waters off its coasts with capacity to generate between 1 and 3 gigawatts of power by 2030, its Energy and Environment Ministry said on Wednesday.
read more... 08/07/2021
Norway to spend $1.2 bln on renewable projects in developing nations
Norway will allocate 10 billion crowns ($1.16 billion) over five years towards renewable energy investments in developing countries to cut greenhouse gas emissions, the government said on Wednesday, and urged private investors to work with it.
read more... 08/07/2021
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Terna to invest $21 billion in Italian grid for energy transition
Italy’s Terna has pledged to invest a record 18.1 billion euros ($21 billion) in the country’s power grid over the next 10 years to meet the demands of the energy transition and economic recovery.
read more... 08/07/2021