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Cheniere receives LNG cargo cancellation for February from Italy's Enel
Italian utility Enel canceled an LNG cargo for February delivery from Cheniere Energy, which operates two liquefaction terminals and is the biggest exporter in the US, market sources said Dec. 21.
read more... 22/12/2020
Russia Backs Another 500,000 Bpd Oil Production Increase
Despite renewed fears about oil demand due to the new coronavirus strain, the leader of the non-OPEC group in the OPEC+ pact, Russia, is still in favor of another 500,000 bpd increase in the alliance’s oil production from February, Bloomberg reported on Monday, citing officials with knowledge of the Russian oil policy.
read more... 22/12/2020
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Daily (21.12.2020): A 20% drop in German and French spot power prices on mild and windy weather outlook
Progress related to the stimulus package in the United States lent support to oil prices on Friday. As such, Brent crude moved 1.5% higher to trade at $52.26 a barrel, while WTI oil rose by 1.5%, or 74 cents, to $49.10 a barrel.
read more... 21/12/2020
Electricity, heat and lithium: geothermal offers new hope for old mining county
A project in Cornwall, England, is building on the county’s history of tin mining, looking to restore jobs and boost the local economy by developing a new geothermal plant that will produce electricity, heat and, hopefully, lithium.
read more... 21/12/2020
Energy utilities prepare to deliver new 2030 climate target
After marathon eight-hour negotiations that went until the early hours of the morning, on 10 December, EU prime ministers and presidents agreed to a European Commission proposal to raise the union’s 2030 target for reducing emissions to 55% from 40% below 1990 levels.
read more... 21/12/2020