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Daily (19.11.2020): EUAs increased by 2% on Wednesday influenced by news that the start of the 2021 auctions would be delayed

Wednesday, OPEC has reconfirmed its intentions to continue cutting production, thus supporting crude oil prices amid Covid-19 and demand worries. As a result, Brent crude for January delivery closed 1.4% up at $44.34 a barrel, while WTI crude edged 0.9% higher at $41.82 a barrel.

read more... 19/11/2020

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France’s ambitious offshore strategy faces obstacles

As the European Commission prepares to publish its offshore renewable energy strategy, France’s wind farm projects – already delayed compared to its European neighbours – face opposition from fishermen already operating in difficult maritime environments because of Brexit.

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China's Sinopec plans to produce over 30 bcm natural gas in 2020

China Petroleum & Chemical Corp, or Sinopec, said on Thursday it plans to produce more than 30 billion cubic metres (bcm) of natural gas in 2020, marking an increase of just 1.1% from its output in 2019.

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UK includes new nuclear in 'green industrial revolution'

UK Prime Minister Boris Johnson has unveiled a 10-point plan that he says can be "a global template" for delivering net-zero emissions. Point 3 of the plan is the government's commitment to develop new nuclear power, from large-scale to small and advanced modular reactors. This includes investment of GBP525 million (USD696 million) for "the next generation of small and advanced reactors".

read more... 19/11/2020

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Daily (18.11.2020): Oil prices little changed on Tuesday, as fears of more coronavirus restrictions cooled off enthusiasm of vaccine

Crude oil prices were little changed on Tuesday as optimism about a second promising coronavirus vaccine faded in the face of concerns about the immediate outlook for demand. However, the conclusion of Monday’s OPEC+ meeting, with the majority of the producer countries supporting an extension of the output cuts beyond January has failed to boost the market sentiment. Hence, Brent crude lost 0.2% to end at $43.75 a barrel. At the same time, U.S. WTI crude added 0.2% to settle at $41.43 a barrel.

read more... 18/11/2020

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