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Daily (10.06.2020): British near-term gas prices lost ground on Tuesday despite a cut in Norway gas flows
Crude oil prices edged higher on Tuesday as the extension of OPEC+ output cuts on Saturday counterbalanced worries that resurgent coronavirus cases in the US could hit the oil demand recovery, which is still fragile. Hence, Brent crude for August delivery rose by 38 cents, or 0.9%, to settle at $41.18 a barrel. At the same time, U.S. WTI crude gained 75 cents, or 2%, to end at $38.94 a barrel.
read more... 10/06/2020
Poland issues grid connection terms to Baltica 1
PGE's 896MW offshore wind farm is one of three the Polish company is developing in the Baltic Sea
read more... 10/06/2020
Neoen to build 30-MW battery storage plant in Finland
French renewable power producer Neoen SA will build a 30-MW/30-MWh energy storage facility in Finland to help stabilise the national electricity system managed by Fingrid.
read more... 10/06/2020
UK firms break into Chinese renewable energy market
Eight UK organisations have signed new agreements to develop and provide renewable energy technologies, services and research in China.
read more... 10/06/2020
Daily (09.06.2020): European spot electricity prices returned at pre-lockdown levels on Monday amid higher demand, lower renewables and nuclear output
Crude oil futures lost ground on Monday despite OPEC+ cuts as traders switched their focus on the announce that top producer Saudi Arabia and Gulf producers are not willing to extend cuts after June. Hence, Brent crude for August delivery fell by $1.50, or 3.6%, to settle at $40.80 a barrel. At the same time, U.S. WTI crude shed by $1.36, or 3.4%, to end at $38.19 a barrel.
read more... 09/06/2020