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Daily (19.01.2022): Oil prices continued to trade around multi-year highs amid geopolitical tensions and tight supply outlook
Crude oil prices extended seven-year highs on Tuesday amid concerns about tightening supply and exacerbating geopolitical tensions. Supply worries mounted this week after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities. As a result, Brent crude rose by 4.5% to settle at $87.51 a barrel. At the same time, the American WTI crude gained 5.2% at $85.43 a barrel
read more... 19/01/2022
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Belgium can extend life of nuclear reactors if it acts soon
Belgium’s nuclear regulator gave a provisional green light on Monday to extend the life of two of the country’s nuclear power reactors and urged the government to make a final decision on the issue in the first quarter of 2022.
read more... 19/01/2022
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Sweden's grid operator eyes new power lines in the north for nearly $1 bln
Sweden's transmissions system operator Svenska Kraftnat plans to build new power lines for nearly $1 billion in the country's northern region to meet rising industrial demand and a boost in renewable power, the state-owned company said on Tuesday.
read more... 19/01/2022
EU advisers concerned about plan for green labels on gas, nuclear investments
Experts advising on the European Union's sustainable finance taxonomy are concerned a draft plan to include gas and nuclear relies too heavily on promises to make those fuels green in future, rather than assessing their real impact today.
read more... 19/01/2022
Daily (18.01.2022): Brent oil reached its highest level since 2014 on Monday, lifted by supply disruptions and stronger demand
Oil prices strengthened on Monday, with Brent climbing to its highest in more than seven years, supported by a rise in demand and supply disruptions in Libya and Nigeria among others. Nevertheless, gains were limited by concerns over the Omicron variant. As such, Brent oil edged 0.5% higher at $86.48 a barrel and WTI crude increased by a mere 0.6% to $84.29 a barrel.
read more... 18/01/2022