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Daily (07.06.2021): Brent crude approached $72 a barrel on Friday amid prospects of solid demand and OPEC+ supply discipline
Crude oil futures increased on Friday, with Brent crude approaching $72 a barrel for the first time since 2019 amid prospects of solid demand and after OPEC+ has decided not to change its production planning for July, and instead will limit itself to a continuation of the previously decided gradual increase. Hence, Brent crude rose by 0.8% to settle at $ 71.89 a barrel. Meanwhile, U.S. WTI crude moved 1.2% higher at $69.62 a barrel.
read more... 07/06/2021
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German scheme extension to support CHP plants gets EU approval
The European Commission has approved the extension and modification of an existing German scheme to support electricity production from highly efficient combined heat and power (CHP) plants.
read more... 07/06/2021
German climate plan draft looks to raise 2030 solar, wind targets
Germany's government is considering lifting 2030 targets for solar and onshore wind by 50 GW and 24 GW respectively, according to a leaked document seen by S&P Global Platts June 4.
read more... 07/06/2021
EU carbon border mechanism to require surrender of certificates
A proposed EU Carbon Border Adjustment Mechanism will require companies importing carbon-intensive goods into Europe to surrender certificates based on their carbon content, according to a leaked draft legislative proposal seen by S&P Global Platts.
read more... 07/06/2021
Daily (04.06.2021): French and German spot above 71 EUR/MWh on Thursday as renewable output wanes
Oil prices steadied as the slow roll-out of vaccinations and high infections rate in countries like Brazil and India counterbalanced demand prospects and US economic data. As such, Brent crude and WTI crude settled at $71.31 and at $68.81 a barrel respectively on Thursday.
read more... 04/06/2021