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Daily (23.04.2021): Front-year European power prices at multi-year record highs as carbon topped 47 EUR/t on Thursday
Oil prices saw a neutral session on Thursday, but optimism about oil demand recovery amid easing European lockdowns offset a growing number of Covid-19 cases in major consumers such as India. Hence, Brent crude ended rather flat at $65.40 a barrel. Meanwhile, U.S. WTI crude steadied at $61.43 a barrel.
read more... 23/04/2021
China to cut coal use share below 56% in 2021
China aims to cut its coal use to below 56% of energy consumption in 2021, the National Energy Administration (NEA) said in a statement on Thursday, but said the fuel would still play a vital role in ensuring the nation’s energy security.
read more... 23/04/2021
New oil and gas discovery in the Norwegian Sea
Recoverable resources so far have been estimated at between three million and 4.2m standard cubic metres of oil equivalent
read more... 23/04/2021
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Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid
UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be made possible by a 3,800 km high voltage direct current (HVDC) transmission line that would be connected to locations in Wales and Devon. The company’s CEO, Simon Morrish, spoke with pv magazine about the ambitious project, and on how it should become feasible.
read more... 23/04/2021
Daily (22.04.2021): Crude oil prices lost 2% on Wednesday, influenced by an increase in US crude stocks
Crude oil prices were bearish on Wednesday, pressured by an increase in US commercial crude stocks. Furthermore, concerns over the number of Covid-19 infections which limits global consumption also weighed on prices. As such, Brent oil lost 1.9% to close at $65.32 a barrel and WTI crude fell by 2.1% to $61.35 a barrel.
read more... 22/04/2021