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Daily (11.05.2021): Front-year European electricity prices rocketed at multi-year highs on Monday as carbon broke the 52 EUR/t mark
Oil markets lacked a clear direction on Monday, with the Brent and WTI crude climbing marginally at $68.32 a barrel and $64.92 a barrel despite a cyber-attack forcing the shutdown of major fuel pipelines in the United States. However, hopes of an upcoming general global demand recovery provided some upside pressure.
read more... 11/05/2021
Dutch govt grants $2.4 billion in subsidies to huge carbon storage project
The Dutch government has granted a consortium that includes oil majors Royal Dutch Shell and ExxonMobil around 2 billion euros ($2.4 billion) in subsidies for what is set to become one of the largest carbon capture and storage (CCS) projects in the world, the Port of Rotterdam said on Sunday.
read more... 11/05/2021
EU slashes energy-related CO2 emissions by 10% in 2020
European carbon dioxide emissions from energy use dropped by 10% last year.
read more... 10/05/2021
Italy's Enel ramps up spending to drive green ambitions
Europe's biggest utility Enel bumped up spending on its green energy and networks businesses in the first quarter as it seeks to accelerate efforts to cut its carbon footprint.
read more... 07/05/2021
Daily (06.05.2021): Carbon prices increased by 1.7% on Wednesday due to stronger interest in the market
Crude oil prices remained rangebound on Wednesday, as gains from declining crude stocks in the United States were limited by concerns over global demand for black gold. Brent crude ended rather unchanged at $68.96 a barrel, and WTI oil edged 0.1% lower at $65.63 a barrel.
read more... 06/05/2021