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Daily (04.08.2020): Oil prices added near 2% on Monday amid upbeat economic data
Crude oil futures ended higher on Monday after a session start in the red as the rise in production from OPEC+ members came into effect, adding to the virus woes. However, oil prices got a boost from positive manufacturing and industrial data across the United States, Europe, and Asia. Hence, Brent crude soared by 63 cents, or 1.5%, to settle at $44.15 a barrel. U.S. WTI crude rose by 74 cents, or 1.8%, to end at $41.01 a barrel.
read more... 04/08/2020
Shell wraps up acquisition of carbon farming company
Environmental services company Select Carbon specialises in developing projects which aim to increase carbon capture in plants or soil and reduce Australia’s emissions
read more... 04/08/2020
Russia Seeks Additional $1.9 Billion In Taxes From Oil & Gas
Russia’s finance ministry is looking to raise as much as US$1.93 billion (143 billion Russia rubles) in taxes from the oil industry over the next two years, as the oil price crash has shrunk Russia’s key revenue stream—oil.
read more... 04/08/2020
Nordex to sell 2.7GW European renewables portfolio to RWE for over €400m
From the overall pipeline, about 1.9GW is present in France in various project phases
read more... 04/08/2020
Daily (03.08.2020): NBP spot climbed by 5% on Friday, due to higher gas-for-power demand
Crude oil prices inched higher on Friday, stimulated by a weaker dollar and record high oil supply cuts by US in May. Consequently, Brent crude rose by 1.2% to $43.75 a barrel, while WTI futures increased by 0.6% to $41.27 a barrel.
read more... 03/08/2020