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Russia, Saudi Arabia Vow Continued Coordination In Oil Policy
Saudi Arabia and Russia would like to continue their coordination to support oil market stability, the leaders of the two most influential members of the OPEC+ production pact said during a telephone conversation this week.
read more... 18/02/2021
Europe Divided Over The Future Of Nuclear
In Western Europe, nuclear energy is being hit by a political and ideological storm. The refusal to integrate it into the “green investment” label of the European taxonomy was yet another proof of Brussels’ unwillingness to continue the nuclear gamble, and rather prioritize hydrogen, offshore wind, and solar.
read more... 18/02/2021
Daily (17.02.2021): Oil prices held gains on Tuesday amid global vaccine roll-out, cold weather and hopes about economic recovery
Crude oil prices diverged, but ended little changed on Tuesday, with Brent crude hovering near 13-month highs at $63.35 a barrel, as the market was monitoring the progress of vaccination campaigns against Covid-19. Freezing cold that is hitting the United States and optimism about economic recovery added further support to oil prices. Meanwhile, U.S. WTI crude settled at $60.05 a barrel, declining modestly by 0.2% day-on-day.
read more... 17/02/2021
Germany Seeks Deal With Biden on Controversial Pipeline
Germany wants to make a deal with the U.S. in order to complete the controversial Nord Stream 2 gas project that has caused friction between the two countries.
read more... 17/02/2021
European renewable GOO demand up by 8pc in 2020
Cancellation of renewable GOOs in the Association of Issuing Bodies (AIB) hub increased by 8pc year on year to 735.1TWh in 2020, a record high and up from 332.6TWh in 2015 and 182.4TWh in 2010. Demand continues to outstrip supply, with 761.8TWh of renewable GOOs issued in 2020, up from 649.8TWh in 2019, 367.9TWh in 2015 and 25.5TWh in 2010.
read more... 17/02/2021