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Enel wants coal exit quickly and its hydrogen 100% green, exec says
Italian energy giant Enel SpA (BIT:ENEL) is accelerating its plans to decarbonise its global power production, exit coal and make way for more wind, solar and a hydrogen venture, which could come to life in 2021 at the latest.
read more... 15/06/2020
BP takes hit of up to $17.5bn as it forecasts cheaper oil
BP says it expects oil prices to be lower than expected from now until 2050 as governments speed up plans to cut carbon emissions in the wake of the coronavirus pandemic.
read more... 15/06/2020
Norway opening 2 offshore wind areas with 4.5-GW potential
The Norwegian government today announced it will be opening two areas for offshore renewables that provide the opportunity to develop a combined 4,500 MW of wind power.
read more... 15/06/2020
Daily (15.06.2020): Brent and WTI crude plunged by 8% for the week amid fears of a second wave of contamination
Crude oil futures were little changed on Friday, with the U.S. WTI crude declining slightly by 0.2% to settle at $36.26 a barrel amid concerns about second wave of virus infections in the U.S. which could threaten the demand recovery. On the contrary, Brent crude for August delivery rose by 18 cents, or 0.5%, to settle at $38.73 a barrel. Both oil benchmarks broke their first weekly winning streak after six straight weeks of gains, to plunge by over 8% last week.
read more... 15/06/2020
Daily (12.06.2020): Brent crude dropped by over 8% on Thursday amid resurgence in coronavirus cases and gloomy demand outlook
Crude oil futures plunged on Thursday amid concerns about a second wave of Covid-19 and doubts about the strength of the global economic recovery. Hence, Brent crude for August delivery fell by $3.18, or 7.6%, to settle at $38.55 a barrel. At the same time, U.S. WTI crude dived by $3.26, or 8.2%, to settle at $36.34 a barrel. Both contracts, Brent and WTI posted their worst daily drops since April 21 and 27, respectively.
read more... 12/06/2020