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Daily (29.09.2021): Carbon prices wiped out previous gains on Tuesday to post the biggest loss in five weeks amid profit-taking
Crude oil prices took a breather on Tuesday after five straight positive sessions, but remain strong amid rebounding demand as supply remains tight. Hence, Brent crude lost 44 cents, or 0.6%, to $79.09 a barrel, after reaching its highest level since October 2018 at $80.75. U.S. WTI crude slipped by 16 cents, or 0.2%, to close at $75.29 a barrel, after hitting a session high of $76.67, highest since July.
read more... 29/09/2021
Daily (28.09.2021): German and French Cal’22 power contracts spiraled by 6% on Monday amid bullish gas and coal prices
Oil prices continued to climb on Monday, with Brent approaching $80 a barrel as the market remains focused on the increase in demand amid the coronavirus recovery and the tight supply from the US following the recent hurricane which limited production in the Mexican Gulf. Hence, Brent crude soared by $1.44, or 1.8%, to settle at $79.53 a barrel, having posted three straight weeks of gains. U.S. WTI crude rose by $1.47, or 2%, to settle at $75.45 a barrel, its highest level since July, after rising for a fifth straight week.
read more... 28/09/2021
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PPC, RWE to finalise 2-GW Greek solar JV in Oct
The green energy unit of Green utility PPC SA and German energy major RWE AG are expected to complete their roughly 2-GW solar joint venture (JV) in Greece at the start of next month, Energypress reports.
read more... 28/09/2021
UK could look to 15-year support mechanisms for low-carbon hydrogen
A long-term support mechanism similar to the UK's offshore wind regime could be needed to underpin natural gas-base hydrogen production with carbon capture, the main proponent behind the HyNet hydrogen project told S&P Global Platts Sept. 24.
read more... 28/09/2021
Green policies not to blame for energy price surge
Clean energy policies are not to blame for recent spikes in gas and electricity prices, and the soaring prices should not derail Europe's green transition, International Energy Agency executive director Fatih Birol said on Monday.
read more... 28/09/2021