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Daily (12.02.2021): Energy prices retreated on Thursday after hitting record highs

Crude oil prices edged lower on Thursday following the downward revision of the global demand outlook from the International Energy Agency (IEA). Consequently, Brent oil slipped by 0.5% to $61.14 a barrel, while WTI crude lost 0.8% to trade at $58.24 a barrel.

read more... 12/02/2021

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Daily (11.02.2021): Carbon prices above €39-mark, German spot power at 2-year high on Wednesday

Wednesday saw another session of growth for crude oil prices, as the weekly EIA report showed a drop in US crude stocks, while global demand is slowly increasing. As such, both Brent and WTI crude gained 0.6% to settle at $61.47 a barrel and $58.68 a barrel, respectively.

read more... 11/02/2021

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SolarPower Europe urges EU to up renewables target at least 45%

On the revision of the Renewable Energy Directive (RED II), SolarPower Europe urged the European Commission to increase the EU’s overall renewable energy target, such that by 2030, at least 45% of final energy demand comes from renewables.

read more... 11/02/2021

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Daily (10.02.2021): Oil prices at 13-month highs on Tuesday amid supportive factors on the supply and demand side

Crude oil futures continued their rally, to hit their highest levels in 13 months on Tuesday, driven by a series of encouraging factors on the supply and demand side. A weaker dollar provided further support to oil prices. Hence, Brent crude rose by 53 cents, or 0.9%, to settle at $61.09 a barrel. U.S. WTI crude added 39 cents, or 0.7%, to close at $58.36 per barrel. Both contracts had hit their highest since January 2020 after having risen for six straight sessions.

read more... 10/02/2021

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India to be largest source of energy demand growth to 2040

India will make up the biggest share of energy demand growth at 25% over the next two decades, as it overtakes the European Union as the world’s third-biggest energy consumer by 2030, the International Energy Agency (IEA) said.

read more... 09/02/2021

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