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Daily (08.10.2020): EUAs hit a 2-week high on Wednesday, as the Parliament supported a stronger-than-expected 2030 climate target
Slightly larger-than-expected U.S. crude inventories and fading hopes for another stimulus package to support the coronavirus-hit economy weighed on oil prices declined on Wednesday Hence, Brent crude decreased by 1.6% to $41.99 a barrel. Meanwhile, WTI futures lost 1.8% to trade at $39.95 a barrel.
read more... 08/10/2020
EU Parliament votes for 60% carbon emissions cut by 2030
The European Parliament voted on Tuesday (6 October) to update the EU’s climate target for 2030, backing a 60% reduction in greenhouse gas emissions by the end of the decade, up from 40% currently.
read more... 08/10/2020
Total adds another floating wind project to its portfolio
Total has bought a 20 per cent stake in the EolMed floating wind pilot project in France, located in the Mediterranean Sea, off the coast of Gruissan and near Port-La-Nouvelle.
read more... 08/10/2020
First testing on new German gas pipeline Zeelink set for November
Testing on the Zeelink gas pipeline designed to connect consumers in northwestern Germany directly to the Zeebrugge LNG terminal via the Belgian grid is likely to take place in November, a spokesman for project partner Open Grid Europe said Oct. 6.
read more... 08/10/2020
Daily (07.10.2020): Oil prices continued to climb on Tuesday amid widening strike in Norway, hurricane supply disruptions
Crude oil futures surged over 3% on Tuesday, spurred by widening strike of oil workers in Norway, and the start of evacuations from oil platforms in the Gulf of Mexico ahead of the expected arrival of Hurricane Delta. Additionally, the return of the president to the White House to continue his coronavirus treatment triggered a general rally in asset markets. Hence, Brent crude for December delivery soared by $1.36 a barrel, or 3.3%, to settle at $42.65 a barrel. Meanwhile, U.S. WTI crude for November delivery settled at $40.67 a barrel, surging by $1.45, or 3.7%.
read more... 07/10/2020