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Daily (09.11.2020): NBP spot price dropped by 5% on Friday, pressured by milder weather outlook and stronger wind generation
Oil prices continued to decline on Friday, pressured by the rising number of coronavirus cases and diminishing demand. Consequently, Brent crude for January delivery slumped by 3.6% to close at $39.45 a barrel, while WTI oil slumped by 4.3% to $37.14 a barrel.
read more... 09/11/2020
China nearly halves Oct coal imports as it nears informal quota
The country imported a total of 253.16 million tonnes between January and October, not far from the 299.67 million tonnes of coal it imported in 2019
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Italy's Snam takes first steps into India with hydrogen, gas deals
It also inked a deal with renewable energy company Greenko, owned by Singapore sovereign fund GIC, to look into the production of green hydrogen for use in industry and transport.
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UK Warning Highlights Energy Storage Importance To Renewables
The United Kingdom, which has recently set a record for wind power meeting its demand, issued a security of supply alert earlier this week as wind power output was low due to calm weather. This event highlights the need of increased energy storage capacity able to balance power to the grid at times of strained supply, energy historian and expert Ellen R. Wald wrote in Forbes.
read more... 09/11/2020
Daily (06.11.2020): European Cal’21 power contracts rose to 10-day highs on Thursday amid stronger carbon
Oil prices declined modestly on Thursday amid persisting concerns about the impact of the new COVID-19 restrictions over global demand and uncertain outcome of the U.S. presidential election. Hence, Brent crude lost 30 cents, or 0.7%, to settle at $40.93 a barrel. Meanwhile, U.S. WTI crude declined by 36 cents, or 0.9%, to end at $38.79 per barrel.
read more... 06/11/2020