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Daily (03.06.2020): EUAs climbed by 5% to above €22 on Tuesday as coal disruptions lifted the energy complex
Crude oil futures edged higher on Tuesday, with investors hoping for a further cut in black gold production at the next OPEC + summit, which could be brought forward to this week. Brent crude for August delivery soared by $1.25, or 3.3%, to settle at $39.57 a barrel, while U.S. WTI crude for July delivery gained $1.37, or 3.9%, to end at $36.81 a barrel.
read more... 03/06/2020
Europe is going coal-free, but a vast lignite mine is expanding in eastern Germany and coronavirus has delayed new climate laws
The landscape makes you think of the surface of the moon. As far as the eye can see, deep gashes scar the earth. At the spot where the giant machines stand, ancient layers of bared coal are visible all the way to the base of the pit.
read more... 03/06/2020
Yamal LNG cargo completes ice-covered transit of Northern Sea Route: Novatek
A cargo of LNG from the Novatek-operated Yamal LNG plant in northern Russia has completed its journey across the ice-covered part of the Northern Sea Route (NSR), the Russian company said June 1.
read more... 03/06/2020
May becomes ‘the greenest month ever’ in the UK
It was the first full calendar month of electricity generation without coal since the industrial revolution, according to a new report.
read more... 03/06/2020
Daily (02.06.2020): The British spot gas dived by 5.6% on Monday after the resumption of Russian flows
Crude oil futures diverged on Monday, with Brent crude for August delivery surging by 8.5% to close at $38.32 a barrel amid hopes that OPEC+ producers will meet this week, earlier than previously planned, to discuss about a further extension of output cuts. Meanwhile, U.S. WTI crude was rather stable at $35.49 a barrel, but under the effect of increasingly hostile relations between the United States and China.
read more... 02/06/2020