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Daily (09.03.2020): Brent crude records the biggest daily loss since 2008 after OPEC deal collapses
Crude oil futures plunged on Friday after the disintegration of the OPEC+ alliance led to an all-out price war between Saudi Arabia and Russia that is likely to have political and economic consequences.
read more... 09/03/2020
Bosnian region to add 1,000 MW of renewables to trim carbon footprint
Bosnia’s autonomous Serb Republic aims to add 1,000 megawatts (MW) of renewable energy sources by 2029 at a cost of 11.5 billion Bosnian marka ($6.7 billion) to smooth its transition from coal, its energy minister said.
read more... 09/03/2020
OMV in talks with UAE's Mubadala over $4.7bn Borealis stake
Austria’s OMV is in talks to buy a $4.68 billion stake in Borealis in a potentially record-breaking acquisition that would shift the state-controlled energy company’s focus to petrochemicals.
read more... 09/03/2020
Germany 'needs 25GW offshore to meet green goals'
Germany could miss its 2030 renewables goal if the country does not increase its offshore wind target to 25GW from 20GW currently, according to research by German think-tank Agora Energiewende.
read more... 09/03/2020
Daily (06.03.2020): Brent crude below $50 a barrel on Thursday as non-OPEC producers not yet ready to further cut output
Crude oil futures continued to decline on Thursday as worries about global oil demand and slower economic growth caused by the coronavirus outbreak were heightened by concerns that non-OPEC crude producers haven’t yet agreed to further reduce output in order to support prices.
read more... 06/03/2020