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Daily (23.09.2020): European carbon prices surged by over 5% on Tuesday amid compliance buying and speculative short-covering

Crude oil prices recovered slightly from the steepest one-day loss in almost two weeks following the equities’ advance and amid expectations for a second decrease on U.S. crude supplies. However, surging COVID-19 cases put a lid on gains. Hence, Brent crude for November delivery rose by 28 cents, or 0.7%, to end the session at $41.72 a barrel. Meanwhile, U.S. WTI crude increased by 1% to settle at $39.70 a barrel.

read more... 23/09/2020

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Austria fails in attempt to block Hinkley Point C

The European Court of Justice has rejected Austria's appeal against the European Commission's 2014 decision to approve the UK's support for the Hinkley Point C nuclear power plant, which is under construction in Somerset, England. The Court of Justice, the supreme court of the European Union in matters of European Union law, agreed with the Commission that the project is in line with EU state aid rules.

read more... 23/09/2020

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Climate change: China aims for 'carbon neutrality by 2060'

China will aim to hit peak emissions before 2030 and for carbon neutrality by 2060, President Xi Jinping has announced.

read more... 23/09/2020

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Power sharing plan could see UK and Netherlands 'go Dutch' with North Sea offshore wind

Interconnecting infrastructure to be examined as nations seek to maximise green energy use

read more... 23/09/2020

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Daily (22.09.2020): Crude oil started the new week on a bearish mood amid virus resurgence in Europe and expectations for return of Libyan crude production

Expectations that Libyan crude will soon return to the market coupled with worries over a rise in European COVID-19 cases and a global equity market selloff dampened the sentiment on the oil markets on Monday. Hence, Brent crude for November delivery shed by $1.71, or 4% to settle at $41.44 a barrel. Meanwhile, U.S. WTI crude fell by $1.80, or 4.4%, to end at $39.31 a barrel.

read more... 22/09/2020

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