Latest news
Siemens launches local power trading platform with German utility
Using blockchain technology to link participants via an app, it allows producers to earn money from marketing their excess production, the firms said, while distributing power locally represents a more efficient use of the grid
read more... 23/10/2020
France halts Engie's U.S. LNG deal amid trade, environment disputes
The intervention comes amid growing scrutiny over the effects of shale gas extraction methods such as fracking and their impact on climate change through methane emissions, especially among U.S. producers.
read more... 23/10/2020
Less German gas priced in for 1Q21
German gas-fired generation has been largely up on the year as lower NCG gas prices and higher carbon costs supported deeper coal and lignite-to-gas fuel switching. But a recent increase in NCG gas prices has pushed up generating costs to price more gas-fired plants out of the market.
read more... 23/10/2020
Daily (22.10.2020): Oil prices fell sharply on Wednesday due to increased gasoline stocks in the US and weak demand
Oil prices retreated on Wednesday weighed by an increase in gasoline stocks in the US and weak demand because of the second wave of the Covid-19 pandemic. Furthermore, Libyan oil return to the market also put pressure on prices. Brent crude traded 3.3% lower at $41.73 a barrel, while WTI oil dropped by 4% to close at $40.03 a barrel.
read more... 22/10/2020
PGNiG to buy Danish offshore gas from Ørsted
Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract.
read more... 22/10/2020