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Daily (08.09.2020): European carbon prices plummeted to two-weeks low on Monday amid expectations for hefty auction

Crude oil futures fell on Monday after Saudi Aramco slashed its October official selling prices for crude supplies to Asia and the U.S. As a result, Brent crude for November 2020 delivery dropped by 1.5% to settle at $42.01 a barrel. At te same time, U.S.WTI crude shed by 1.7% to end at $39.08 a barrel.

read more... 08/09/2020


Daily (31.08.2020): European carbon prices jumped to nearly €30 on Friday amid French nuclear outages

Oil prices ended slightly lower to flat on Friday as Hurricane Laura, which hit the U.S. Gulf Coast, caused less damage than feared on refineries, allowing infrastructure to start the recovery process. Hence, Brent crude stagnated at $45.05 a barrel, while U.S. WTI crude lost 0.2% to end at $42.97 a barrel. However, on a weekly basis, Brent and WTI rose by 1.5% and 1.6% respectively, as investors shifted their focus from the storm toward the fragile rebound in consumption amid the pandemic.

read more... 31/08/2020


EDF to restart Hunterston B-7 soon

EDF has received regulatory approval to start generating low carbon power again from Reactor 3 at Hunterston B power station in Ayrshire, Scotland. This follows a two-year inspection and investment programme. EDF also said the plant will move into the defuelling phase no later than 7 January 2022. This is subject to a further inspection in the spring of 2021 and then regulatory approval for a final six months of operation.

read more... 28/08/2020


SSE, Equinor draw up net zero plan for the Humber

SSE is working with Equinor and other businesses on a plan for the decarbonisation of the Humber region in north-east England.

read more... 14/08/2020


Wales fired up for low carbon heat with £8m government funding

The UK Government is supporting the development of a heat network in Cardiff and a combined heat and power plant in Bridgend.

read more... 13/08/2020