Latest news
Daily (05.07.2021): German and French spot plummeted by around 13% on Friday amid forecasts for strong wind generation
Crude oil prices ended on a mixed note on Friday awaiting the outcome of a meeting of the OPEC and its allies after a dispute emerged over plans to further ease production curbs through the end of the year. In this context, Brent crude edged 0.4% higher to settle at $76.17 a barrel. Meanwhile, the American WTI closed rather flat at $75.16 a barrel.
read more... 05/07/2021
.jpg){kind=spacer}
Germany leads call to keep nuclear out of EU green finance taxonomy
A group of five EU member states led by Germany have sent a letter to the European Commission asking for nuclear energy to be kept out of the EU’s green finance taxonomy.
read more... 05/07/2021
Maersk carbon tax proposal may provide advantage
Danish shipping company Maersk's proposal for a $450/t tax on carbon could give it a competitive advantage over others in the industry given its size and financial stability.
read more... 05/07/2021
.jpg)
Lukoil and BP eye Iraq upstream exit
Ismael said in a video posted to the oil ministry's Facebook page late yesterday that Lukoil has sent him a notification to sell its stake in the 13 bn bl West Qurna 2 field and that BP wanted to pull out of Rumaila, Iraq's single biggest producing field with a capacity of nearly 1.5mn b/d.
read more... 05/07/2021
Daily (02.07.2021): German Cal'22 power extended 12-year highs on Thursday amid bullish fuels and carbon prices
Crude oil futures surged on Thursday, to close above $75 a barrel for the first time since 2018 as the OPEC+ deal was adjourned after producers earlier signaled a tentative agreement to only gradually increase supplies through the end of the year. Hence, Brent crude rose by 1% to $75.84 a barrel, while U.S. WTI crude soared by 2.4% to $75.23 a barrel.
read more... 02/07/2021