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Daily (01.10.2020): UK forward gas prices fell by over 2% on Wednesday, amid rising Norwegian flows and weaker oil prices
Crude oil prices were almost flat on Wednesday on US financial stimulus hopes, and as global fuel demand concerns are still present amidst the coronavirus pandemics. As a result, the price for Brent crude decreased by 0.2% to $40.95 a barrel. Meanwhile, WTI futures added 2.4% closing at $40.22 due to an expected drop in US crude inventories.
read more... 01/10/2020
ExxonMobil focused on core oil and gas as renewable returns too weak: official
ExxonMobil remains focused on growing its core oil and gas business as alternative renewable energies are mostly unable to offer attractive rates of return compared to hydrocarbons, a top official at the US oil giant said Sept. 30.
read more... 01/10/2020
Westinghouse signs expanded Ukraine nuclear fuel deal
The new contract, signed with the National Nuclear Energy Generating Company Energoatom, adds two VVER-440 reactors at the Rivne nuclear power plant
read more... 01/10/2020
UK renewables hit 44.6% Q2 share while other sources suffer
Renewables in the UK reached a share of 44.6% in second-quarter power generation, the second highest on record, while all other sources produced less electricity amid low demand.
read more... 01/10/2020
EU sees red over China’s polluting coal plants in Southeast Europe
Chinese state-owned enterprises (SOEs) have been investing in coal plants, heavy industries in Southeast Europe at a time when Chinese President Xi Jingping promised during a recent speech to the UN Assembly that China will aim to hit peak emissions before 2030 and for carbon neutrality by 2060.
read more... 30/09/2020