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Daily (07.02.2020): An oversupplied system and lower LNG prices weighed on UK’s gas market on Thursday
Oil prices varied on Thursday on mixed signals from OPEC and its partner Russia about potential further output cuts to reduce the impact of any weakening in global demand due to the coronavirus outbreak.
read more... 07/02/2020
Daily (06.02.2020): Oil prices recovered on Wednesday after a five-day losing streak due to a possible cure for coronavirus
Crude oil prices rebounded on Wednesday, ending a five-day losing streak, as hopes for a possible cure for the new coronavirus out of China boosted the sentiment. Reports that OPEC + envisage deeper oil supply cuts also lifted prices.
read more... 06/02/2020
EU's CO2 emissions fall 12% in 2019 as wind and solar surpass coal
The European Union’s (EU) electricity sector has emitted 12% less carbon dioxide (CO2) in 2019 compared to a year earlier as generation from hard coal- and lignite-fired power plants dropped by 24% on the year.
read more... 06/02/2020
GEH promotes BWRX-300 design in Czech Republic
GE Hitachi Nuclear Energy and Czech utility ČEZ have signed a Memorandum of Understanding on examining the economic and technical feasibility of potentially constructing a BWRX-300 in the Czech Republic. ČEZ operates two nuclear power plants which generate about one-third of the country’s electricity. The Czech government plans substituting aging coal plants with new nuclear build and renewables in the near future.
read more... 06/02/2020
Europe adds 'record 3.6GW of offshore wind'
WindEurope warns that much more capacity is needed each year to meet EU decarbonisation goals.
read more... 06/02/2020