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Daily (20.08.2018): Carbon contracts recovered on Friday, due to a bullish energy complex
Oil crude prices rose on Friday, but posted weekly losses, on concerns that a trade war might lead to a cut in oil demand. Brent crude closed 0.6% higher at $71.83 a barrel, or a 1.4% decline for the week. Meanwhile, WTI crude gained 0.7% to end at $65.91 a barrel, decreasing by 2.5% week-on-week.
read more... 20/08/2018
EU approves three Danish renewable energy support schemes
Three support schemes for renewable energy in Denmark have been approved by the European Commission.
read more... 20/08/2018
Papua New Guinea gas project signs supply deal with BP
An ExxonMobil-operated gas project in Papua New Guinea has agreed a deal to supply liquefied natural gas (LNG) to a unit of British oil giant BP (BP.L), said Australia’s Oil Search Ltd (OSH.AX), a partner in the development.
read more... 20/08/2018
China investing heavily in European wind
China’s investment in foreign wind-powered electricity markets has approached $7 billion in Europe alone as private and stated-owned Chinese companies move "aggressively" to capitalize on fast-growing renewable energy markets, according to a recent research brief published by the U.S.-based Institute for Energy Economics and Financial Analysis (IEEFA).
read more... 20/08/2018
Daily (17.08.2018): NBP spot jumped by 4.5% week-on-week to a 5-month peak, due to outages and lower flows from Norway
Oil prices regained momentum on Thursday, after having declined a day earlier because of high crude inventories, but predictions of lower demand kept prices under control. Brent crude closed 1% higher at $71.43 a barrel, posting a 1% loss for the week. Meanwhile, WTI crude rose 0.7% to $65.46 a barrel, slumping by 2% week-on-week.
read more... 17/08/2018