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Balticconnector gas capacity to be reviewed weekly
The Latvian, Estonian and Finnish system operators have jointly agreed a mechanism to optimise entry capacity to Finland from the Balticonnector gas pipeline on a weekly basis.
read more... 15/12/2020
Daily (15.12.2020): Oil prices hit their highest levels in nine-months on Monday amid vaccine rollout
Crude oil futures gained ground on Monday despite OPEC cutting its forecast for 2021 growth in oil demand, with traders focusing over the start of the coronavirus vaccine campaign in the United States. Hence, Brent crude for February delivery rose by 32 cents, or 0.6%, to settle at $50.29 a barrel. Meanwhile, U.S. WTI crude for January delivery increased by 42 cents, or 0.9%, to end at $46.99 a barrel. Both contracts climbed to their highest level in nine months.
read more... 15/12/2020
Slovenia's Petrol to commission 30 MW wind park in Croatia in April
Slovenian energy group Petrol [LJE:PETG] said on Monday it plans to commission the 30 MW Ljubac wind farm it is building in Croatia in April 2021.
read more... 15/12/2020
European demand to rise by 2.3pc in 2021
Power consumption in Europe is expected to rise by 2.3pc year on year in 2021, following a demand recovery due to Covid-19, the International Energy Agency (IEA) said.
read more... 15/12/2020
Daily (14.12.2020): Crude oil prices edged lower on Friday despite coronavirus vaccine rollout
Crude oil prices edged lower on Friday, as investors await in anticipation for global demand recovery amid coronavirus vaccine rollout in multiple countries. As such, Brent oil shed by 0.6% to settle at $49.97 a barrel, while WTI crude lost 0.5% to close at $46.57 a barrel.
read more... 14/12/2020