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Daily (14.06.2021): European power prices decreased on Friday amid strong renewable output and weaker CO2 markets
Oil prices rose on Friday, hitting fresh multi-year highs as an improved demand outlook continues to boost market sentiment. The rollout of the vaccine in North America as well as Europe is helping to restore demand, while crude supplies remain unchanged. Thus, Brent crude edged 0.2% higher at $72.69 a barrel. At the same time, WTI crude increased by 0.9% to settle at $70.91 a barrel.
read more... 14/06/2021
Energy majors bid for Qatar LNG project despite lower returns
Six top western energy firms are vying to partner in the vast expansion of Qatar's liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.
read more... 14/06/2021
EV push faces upstream challenges
A US administration focused on climate change and a British host eager to plug its green credentials will lead to a sharp focus on vehicle electrification at this year's G7 summit, but big promises will require significant upstream investment in metals supply chains if they are to take root and extend beyond headlines.
read more... 14/06/2021
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G7 pledges to end support for unabated coal by end of 2021
G7 leaders committed June 13 to end new direct government support for unabated international thermal coal power generation by the end of 2021.
read more... 14/06/2021
Daily (11.06.2021): British gas prices continued to rise amid a short system and carbon optimism
Oil prices rallied on Thursday after OPEC released an upbeat monthly report, showing that the recovery in global economic growth and oil demand is expected to accelerate in the second half of the year. In this context, Brent crude edged 0.4% higher at $72.52 a barrel, while the American WTI crude closed 0.5% up at $70.29 a barrel, or their highest levels since 2019 and October 2018 respectively.
read more... 11/06/2021