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Daily (08.12.2021): EUAs saw a fierce rally of above 84 EUR/t on Tuesday amid increased buying activity before options expiry, cold weather, strong gas
Crude oil prices extended gains on Tuesday amid receding fears of the South African coronavirus variant, dubbed as Omicron.Hence, Brent crude soared by $2.36, or 3.2%, to settle at $75.44 a barrel. U.S. WTI crude spiked by $2.56, or 3.7%, to end at $72.05.
read more... 08/12/2021
NOVATEK and RWE join in on LNG supply and decarbonisation
Novatek, Russia’s natural gas producer, and RWE Supply & Trading, the trading unit of German utility RWE, have signed a memorandum of understanding (MoU) to cooperate on LNG supply and decarbonisation.
read more... 08/12/2021
Peugeot to become electric-only brand in Europe by 2030
Every new Peugeot model launched in Europe by 2030 will be full-electric only, CEO Linda Jackson says, as the Stellantis brand prepares for the transition away from internal combustion engines.
read more... 08/12/2021
Netherlands starts work on enabling further 10 GW of offshore wind by 2030
The Dutch State Secretary for Economic Affairs and Climate Policy, Dilan Yeşilgöz-Zegerius, has announced the start of spatial planning procedures for cable routes that would connect more than 10 GW of the country’s planned additional offshore wind capacity to the national grid.
read more... 08/12/2021
Daily (07.12.2021): European carbon prices rallied to new record high above 80 EUR/t on Monday amid high buying interest
Oil prices climbed on Monday, with Brent trading comfortably back above $70 a barrel after the Saudi Arabia raised their official selling prices for all grades of their crude oil into Asia for January. Moreover, the market is hopeful that the new coronavirus mutation will not cause big new shutdowns that could stop the market’s recovery.
read more... 07/12/2021