Latest news

Novatek sees LNG supply shortfall by 2030

A lack of new financial investment decisions (FIDs) and growing worldwide demand could lead to an LNG supply shortfall by the end of this decade, Russian firm Novatek said.

read more... 27/01/2021

news

New nuclear needed for UK energy security

The UK government must continue to support nuclear power generation if the country is to meet an expected doubling of electricity demand by 2050 while meeting its Net Zero ambitions, according to a new report from the Centre for Policy Studies (CPS). The think tank recommends the government explore innovative financing methods for the construction of new nuclear power plants.

read more... 22/01/2021

news

Daily (18.01.2021): Carbon EUAs plummeted by 5% on Friday, following a bearish energy market

Crude oil prices retreated on Friday, weighed by global demand concerns amid the coronavirus pandemic. Hence, Brent crude and WTI oil lost 2.3% to close at $55.10 and $52.36 a barrel, respectively.

read more... 18/01/2021

news

Daily (15.01.2020): U.S. WTI crude ended at its highest level in 11 months on Thursday amid stimulus optimism

Crude oil futures gained ground on Thursday, with U.S. WTI crude hitting its highest level since February of last year, buoyed by the continuing COVID-19 vaccine rollout and hopes that a new U.S. coronavirus relief plan could boost oil demand. Hence, Brent crude rose by 36 cents, or 0.6%, to settle at $56.42 a barrel on ICE Futures Europe. U.S. oil benchmark increased by 66 cents, or 1.3%, to close at $53.57 a barrel on the New York Mercantile Exchange.

read more... 15/01/2021

news

Daily (14.01.2021): British front-month gas price slumps by 16% after reaching two-year high

Crude oil prices retreated on Wednesday, feeling the effects of the coronavirus pandemic on global demand. Consequently, Brent oil decreased by 0.9% to close at $56.06 a barrel, while WTI crude edged 0.6% lower at $52.91 a barrel.

read more... 14/01/2021

news