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Daily (06.08.2021): EUAs climbed to a new four-week high on Thursday in tandem with bullish gas
Oil prices moved upwards, snapping a three-day losing streak on Thursday amid increasing Middle East tensions. However, news restrictions to counter the spread of the Delta variant limited gains. Hence, Brent crude rose by 91 cents, or 1.3%, to settle at $71.29 a barrel. U.S. WTI crude rose by 94 cents, or 1.4%, to settle at $69.09 a barrel.
read more... 06/08/2021
German gas generation falls 35%, coal rebounds as margins diverge
German gas-fired power generation fell in July as record high European gas hub prices further eroded margins, while hard coal generation almost exceeded gas-fired generation and lignite topped the German power mix.
read more... 06/08/2021
Ofgem confirms price cap to jump by £139
UK energy regulator Ofgem has today confirmed that its price cap will jump by £139 from October 1st.
read more... 06/08/2021
Enel, Fincantieri to study use of green hydrogen in ports, shipping transport
Europe's biggest utility Enel has agreed to work with Italian shipbuilder Fincantieri to find ways to use green hydrogen in ports and long-range sea transport.
read more... 06/08/2021
Daily (05.08.2021): Carbon EUAs gained 2.3% on Wednesday, lifted by bullish auction results
Oil prices fell on Wednesday, weighed by concerns over demand as crude reserves rose unexpectedly in the US. Consequently, Brent oil price dropped by 2.8% to $70.38 a barrel and WTI crude plunged by 3.4% to $68.15 a barrel.
read more... 05/08/2021