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Daily (01.07.2020): The German Cal ’21 power at its highest level since the end of February, driven by economic optimism, higher carbon and coal prices
Oil prices reversed previous gains on Tuesday as Libya prepares to resume crude exports, intensifying concerns over a possible oversupply on the market. Hence, Brent crude for August delivery, which expired yesterday, fell by 56 cents, or 1.2%, to settle at $41.15. The more-active September contract lost 58 cents at $41.27 a barrel. At the same time, U.S. WTI crude dropped by 43 cents, or 1%, to end at $39.27 a barrel. However, for the month, Brent and WTI gained 16.5% and 12.4% respectively.
read more... 01/07/2020
Equinor to build hydrogen plant with carbon capture in Britain
Equinor plans to build in Britain a plant to produce hydrogen from natural gas in combination with carbon capture and storage, the Norwegian oil firm said on Wednesday.
read more... 01/07/2020
Shell to supply carbon-neutral LNG cargoes to China’s CNOOC
LNG giant Shell said it recently signed a deal to supply carbon-neutral liquefied natural gas cargoes to CNOOC Gas & Power Group, a unit of China National Offshore Oil Corporation.
read more... 22/06/2020
Enel wants coal exit quickly and its hydrogen 100% green, exec says
Italian energy giant Enel SpA (BIT:ENEL) is accelerating its plans to decarbonise its global power production, exit coal and make way for more wind, solar and a hydrogen venture, which could come to life in 2021 at the latest.
read more... 15/06/2020
BP takes hit of up to $17.5bn as it forecasts cheaper oil
BP says it expects oil prices to be lower than expected from now until 2050 as governments speed up plans to cut carbon emissions in the wake of the coronavirus pandemic.
read more... 15/06/2020