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Europe registers a 39% jump in renewable power demand
As stated in a report by the Association of Issuing Bodies (AIB), Europe’s demand for power has rocketed by nearly 39% in comparison to last year. The contributing factor to this rise is the escalation of the number of people that have acquired renewable energy contracts through Guarantees of Origin.
read more... 18/08/2017
Daily (18.08.2017): European carbon prices hit €6 on Thursday to reach a new 5.5-month high
Oil prices rose on Thursday as the EIA data showed commercial U.S. crude stocks have dropped by almost 13%, being at present lower than in 2016. Traders consider that the oil market is becoming more balanced and U.S. stocks might fall below the 5-year average in next 2 months. However, increasing U.S. output has been undermining efforts by the OPEC and non-OPEC producers to drain a global fuel glut. Brent edged up by 1.5% to $51.03 a barrel, while WTI price surged by 0.66% to end at $47.09 a barrel.
read more... 18/08/2017
Switzerland to join the EU carbon market
The Swiss Federal Council has made the decision to endorse into a project that will join the Swiss carbon market with EU’s.
read more... 18/08/2017
The energy market in the North of England might be threatened by a hard Brexit
According to think tank IPPR North, the lack of a stable deal made on energy trade and the withdrawal from Euratom could have a negative impact on the North of England, its energy security and fuel prices in the events of a hard Brexit.
read more... 16/08/2017
Egypt: LNG imports will be reduced to 80 cargoes in 2017-18 year
Egypt intends to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that started in July, as stated by Petroleum Minister Tarek El Molla on Sunday, or down from the 118 cargoes imported in 2016.
read more... 14/08/2017