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Daily (17.07.2020): EUAs plummeted by over 7% on Thursday due to robust auction supply
Crude oil futures fell by about 1% on Thursday, but held above the $40 mark amid a weaker demand outlook underscored by the OPEC+ alliance’s decision to ease production cuts from August. Moreover, resurgent coronavirus cases in the U.S. weighed on oil prices. Hence, Brent crude for September delivery declined by 42 cents, to settle at $43.37 a barrel. At the same time, U.S. WTI crude slipped by 45 cents, to close at $40.75 a barrel.
read more... 17/07/2020
Romania restarts approach to new Cernavoda units
Romania plans to create a Strategic Coordination Committee for the project to build units 3 and 4 at the Cernavoda nuclear power plant, according to a notice in the government’s official gazette on 14 July. The notice followed another published the same day, stating that the prime minister's 2018 decision to establish a working group for the negotiation of a draft intergovernmental agreement between Romania and China for the project had been abrogated.
read more... 17/07/2020
Onshore renewables ‘could pump £28.9bn into UK economy by 2035’
A £66.5bn potential investment opportunity for the UK could be unlocked if the government takes the necessary measures, according to a new report
read more... 17/07/2020
Shell Energy launches seasonal solar-battery storage tariff
Households with solar panels and batteries installed can earn savings on their winter bills for excess energy generated in the summer
read more... 17/07/2020
Daily (16.07.2020): A sharp drop in U.S crude stocks boosted oil prices by over 2% on Wednesday
Oil prices added momentum on Wednesday, driven by a sharp decrease in U.S crude stocks. However, OPEC’s and its oil-producing allies plan to boost supply from August to meet an expected rebound in demand limited the gain. In this context, the International benchmark Brent crude settled 2.1% higher at $28.85 a barrel. Similarly, WTI, the U.S. benchmark, rose by 2.3%, or 91 cents, to settle at $41.20 a barrel.
read more... 16/07/2020