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Daily (23.01.2019): European carbon prices up by nearly 3% on Tuesday to hit 3-week peaks
A downward trend was noticed in the oil markets on Tuesday, as persistent worries over Chinas’ economic slowdown and its potential negative impact on oil demand weighed on prices. IMF’s warning about increased risk of slowing global growth in the context of U.S.-China trade dispute put more pressure on prices. Consequently, Brent crude lost nearly 2% to settle at $61.50 a barrel. At the same time, WTI futures declined by 2.1% to $53.01 a barrel.
read more... 23/01/2019
Serbia aims to complete building Turkish Stream gas pipeline section by December 15
Serbia aims to complete the construction of its section of TurkStream pipeline for transit of Russian natural gas to Europe by December 15, 2019, the head of state-owned monopoly Srbijagas, Dusan Bajatovic, said on Monday, Serbian Seenews reported.
read more... 22/01/2019
Daily (21.01.2019): European carbon prices up by 5% on Brexit hopes and cold weather
Oil prices rose on Friday as China presented a plan aimed at increasing purchases of U.S. goods in order to reduce the trade surplus with the U.S. to zero by 2024. The recent OPEC’s report showing weaker oil output also lent support to prices. However, the continuous trade disputes between the two major economies boosted fears over slower global economic growth and lower demand for fuel. Brent crude traded 2.5% higher at $62.70 a barrel, while WTI futures surged by 3.3% to $53.80 a barrel.
read more... 21/01/2019
Daily (18.01.2019): European year-ahead power prices climb by over 4% on Thursday, due to colder weather
Oil prices retreated on Thursday, due to stronger U.S crude oil production and persisting concerns over trade between China and US. However, losses were limited by OPEC output cuts. Brent crude edged 0.2% lower at 61.18 USD/bbl, while WTI crude was down by 0.5% at 52.07 USD/bbl.
read more... 18/01/2019
RWE to spend EUR 1.5bn annually on renewables
German energy group RWE AG intends to invest about EUR 1.5 billion (USD 1.7bn) in renewables each year to grow an already imposing portfolio, to be formed through the pending merger of assets held by Innogy SE and E.on SE.
read more... 18/01/2019