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Daily (26.10.2020): Carbon prices increased by over 5% on Friday, supported by short-covering and a bullish energy market

The prices for crude oil decreased on Friday, following Libya's decision to boost its oil output. The price for Brent oil dropped by 1.6% to close at $41.77 a barrel, while WTI crude slumped by 1.9% to trade at $39.85 a barrel.

read more... 26/10/2020

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Less German gas priced in for 1Q21

German gas-fired generation has been largely up on the year as lower NCG gas prices and higher carbon costs supported deeper coal and lignite-to-gas fuel switching. But a recent increase in NCG gas prices has pushed up generating costs to price more gas-fired plants out of the market.

read more... 23/10/2020

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Total delivers its first carbon-neutral LNG cargo

French energy giant Total said it has delivered its first carbon-neutral liquefied natural gas (LNG) cargo.

read more... 21/10/2020

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ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts

U.S. oil and gas producer ConocoPhillips unveiled on Monday a target to reduce emissions from its operations to net zero by 2045-2055 in a first announcement from a major American oil firm setting specific targets to cut its carbon footprint.

read more... 20/10/2020

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Four Big Takeaways From the IEA’s World Energy Outlook

Once a year, the International Energy Agency attempts to impose some order on the chaotic world of oil, gas, power and carbon by publishing detailed scenarios on how the next few decades might unfold.

read more... 19/10/2020

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