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Feb 20, 2026

Daily (20.02.2026): Brent and WTI surged to a six month peak on Thursday amid Middle East tensions and tight supply

Crude oil hit six-month highs on Thursday as geopolitical tensions and tighter U.S. supply lifted the market. US–Iran strains and stalled Russia–Ukraine talks kept risk premiums elevated, while API data showed U.S. crude inventories fell 609,000 barrels versus expectations for a 2.1 million-barrel increase. Hence, Brent crude advanced...

Feb 23, 2026

Germans are seeking increased solar expansion as equipment costs keep decreasing.

Nearly 80% of individuals in Germany (78%) express a desire for the acceleration or maintenance of solar installations, while only 14% wish to see a reduction, as per a YouGov survey commissioned by BSW Solar. Support for solar energy is notably high among voters of the conservative CDU party, with 86% in favor and three-quarters advocating for in...

Feb 23, 2026

Vestas will provide turbines for the Vanguard West offshore wind project.

Vestas has finalized a contract to provide turbines for RWE’s 1.38GW Vanguard West offshore wind initiative in the UK. As part of the deal, Vestas will supply and install 92 turbines, each with a capacity of 15MW and a rotor diameter of 236m, located about 47km from the coast of Norfolk in East Anglia. RWE, in collaboration with investment firm K...

Feb 23, 2026

Germany is considering the future gas market, including a strategic reserve.

The German government is engaging with various stakeholders to explore the development of the nation's gas market, according to a spokesperson from the economy ministry. This raises the possibility of establishing a strategic gas reserve in the country. At a regular press conference, the spokesperson emphasized that the goal is for the market to b...

Feb 23, 2026

EU carbon prices bounce back as compliance buyers take advantage of the lower prices.

European carbon prices saw an increase during the week ending Feb. 20, recovering from a nine-month low early in the trading week as market participants with compliance obligations began to buy. EU Allowances reached Eur73.56/mtCO2e ($86.57/mtCO2e) at 1144 GMT, according to the Intercontinental Exchange, marking a 4% rise from the Feb. 13 closing ...

Feb 23, 2026

Urenco implements a cutting-edge heat network at its Dutch facility.

Uranium enrichment services provider Urenco has initiated a new net-zero project at its Almelo facility in the Netherlands aimed at recycling waste heat from the enrichment process. The company plans to develop an internal heat network that will create a thermal energy distribution system, utilizing residual heat from cooling its uranium cylinders...

Feb 23, 2026

Global electricity demand is expected to increase significantly by 2030.

The latest report from the International Energy Agency (IEA) on the electricity sector predicts that by the end of this decade, renewable energy and nuclear power will together account for 50% of the global power mix, alongside a significant increase in natural gas demand. According to the report, titled Electricity 2026, global power demand is ex...

Feb 23, 2026

Uniper and GSPC have signed a long-term agreement for the supply of LNG.

Uniper and Gujarat State Petroleum Corp. (GSPC) have finalized a long-term LNG agreement for deliveries of up to 0.5 million tons per year into India, lasting up to 10 years. This contract, which commences in January 2028, involves Uniper supplying LNG to GSPC at terminals located on India's west coast. The signing of this agreement follows the re...

Feb 23, 2026

Hungary will prevent new EU sanctions on Russia due to the Ukraine pipeline conflict.

Hungary will prevent the European Union from moving forward with its next sanctions package against Russia, according to the foreign minister. This action is part of efforts to encourage Ukraine to restart the flow of Russian oil through a pipeline that supplies refineries in Hungary. Since January 27, shipments of Russian oil to Hungary and Slovak...

Feb 23, 2026

Spain's Repsol reduces its renewable energy goals.

Spanish energy company Repsol has revised its 2030 goals for renewable energy capacity and low-carbon products in response to changing market conditions, as outlined in a report accompanying its 2025 results. Since 2018, Repsol has developed a range of wind, solar, and hydroelectric projects in Spain and internationally as part of its shift from a...

Feb 23, 2026

UK Aims to Reduce Carbon Expenses for Refineries Following Shutdowns

The UK government is developing a plan to safeguard its remaining oil refineries from increasing carbon prices, following the closure of two facilities. On Monday, the Department for Energy Security and Net Zero will request input to shape its Future of Fuels strategy, which is set to be released later this year. The government aims to integrate ...

Feb 20, 2026

Spanish prices expected to fall significantly short of February forecasts.

The Spanish spot index is expected to fall significantly below future projections in February due to high wind production during and after Storm Kristin, while heavy rainfall has impacted March negatively. For the period of 1-20 February, the Spanish spot index averaged €12.66/MWh, a sharp decrease from €116.88/MWh during the same timeframe last y...

Feb 20, 2026

The US aims to strengthen nuclear energy partnerships in Slovakia and Hungary.

Secretary of State Marco Rubio has revealed initiatives aimed at advancing nuclear projects utilizing US technology in Slovakia and Hungary. In a statement from his department, after Rubio's visits to both nations, it was disclosed that the newly signed US-Slovakia intergovernmental agreement will initiate US funding for the Front-End Engineering ...

Feb 20, 2026

Serbia has postponed the bidding deadline for the oil pipeline tender in Hungary.

Serbian state-owned oil pipeline operator Transnafta announced the extension of the bidding deadline for a tender related to the construction and oversight of the 113-km section of the oil pipeline linking Serbia to Hungary to February 26. The extension follows updates to the tender documents intended to rectify inaccuracies, as stated in notifica...

Feb 20, 2026

The solar industry is rapidly moving away from silver due to rising costs.

Solar panel manufacturers are ramping up efforts to substitute silver with alternatives like copper after silver prices surged 130% over the past year, further pressuring already strained margins due to production overcapacity, particularly in China, according to industry experts. "Silver significantly drives up the cost of solar panel manufactur...

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