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US to hold first offshore wind rights sale in Gulf of Mexico next month
The United States on Thursday said the first offshore wind power auction in the Gulf of Mexico will take place next month, an industry milestone President Joe Biden discussed during a trip to highlight the administration's efforts to boost clean energy.
read more... 21/07/2023
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Mexico snares Iberdrola power plants for $6 bln in 'new nationalization'
The Mexican government has agreed to buy 13 power plants from Spanish energy giant Iberdrola in a deal worth $6 billion, which Mexico's president hailed as a "new nationalization" of the electricity market that will amp up state control.
read more... 06/04/2023
Daily (29.09.2022): Oil prices soared amid supply concerns due to Hurricane Ian in the US
Oil prices increased on Wednesday, amid concerns about supply due to expected interruptions in the US Gulf of Mexico production as Hurricane Ian nears Florida. Consequently, Brent crude soared by 3.5% to $89.32 a barrel, and WTI oil raised by 4.6% to $82.15 a barrel.
read more... 29/09/2022
Daily (15.08.2022): European carbon prices climbed to a fresh six-week high on Friday amid reduced auction supply
Crude oil prices declined on Friday amid concerns that supply disruptions in the American Gulf of Mexico would be temporary, while recession worries cast doubt on the prospects for demand. Hence, Brent crude fell by $1.45, or 1.5%, to settle at $98.15 a barrel. U.S. WTI crude dropped by $2.25, or 2.4%, to settle at $92.09 a barrel.
read more... 15/08/2022
Daily (24.09.2021): Oil prices increased on Thursday, with Brent hitting a 2-month high amid tight supply
Crude oil prices extended gains on Thursday, with Brent crude hitting its highest level in more than two months. The increase was attributed to the growing fuel demand as offshore crude production continued to see a slow recovery in the Gulf of Mexico in the wake of Hurricane Ida and a draw in U.S. crude inventories. Hence, Brent crude rose by $1.06, or 1.4%, to settle at $77.25 a barrel, its highest price since mid-July. U.S. WTI crude rose by $1.07, or 1.5%, to $73.30 a barrel.
read more... 24/09/2021