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Daily (17.06.2020): Oil prices gained more than 3% on Tuesday on forecasts for record rise in demand for 2021
Crude oil futures edged higher in a volatile trading on Tuesday after the International Energy Agency (IEA) revised upwards its oil demand estimate for 2021, while upbeat economic figures in the United States added to the bullish trend. Hence, Brent crude for August delivery climbed by $1.24, or 3.1%, to settle at $40.96 a barrel. At the same time, U.S. WTI crude soared by $1.26, or 3.4% to settle at $38.38 a barrel.
read more... 17/06/2020
Repsol injects €80m in building two low emission fuel projects in Spain
The first plant will produce net zero emissions fuels using CO2 and green hydrogen and the second will generate gas from waste
read more... 17/06/2020
Statkraft to begin construction of floating solar plant in Albania by end-June
Norway's Statkraft is looking to start the construction of a floating solar plant with a maximum capacity of 2 MW at the Banja reservoir in southeastern Albania by the end of June, it said on Tuesday.
read more... 17/06/2020
MHI Vestas gets firm deal for 1.1-GW Scottish wind farm
MHI Vestas Offshore Wind A/S has received a firm order to deliver turbines for the roughly 1.1-GW Seagreen wind project in Scottish waters in the North Sea.
read more... 17/06/2020
Daily (16.06.2020): NBP spot jumped by 6% on Monday amid weaker LNG supply and wind power generation
Crude oil futures turned bullish on Monday as signs of improving demand due to OPEC+ production cut agreement offset concerns that a resurgence of the virus could weigh on the global economy. Hence, Brent crude for August delivery soared by 99 cents, or 2.6%, to settle at $39.72 a barrel. At the same time, U.S. WTI crude for July delivery rose by 86 cents, or 2.4%, to end at $37.12 a barrel.
read more... 16/06/2020