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Carbon rebounds from 1-month low
Carbon prices on Monday afternoon rebounded from one-month lows touched in early trading amid some supportive technical signals and despite gas prices falling to new lows.
read more... 05/05/2020
Russia’s Gazprom Moves Forward With New Mega Pipeline
The Russian gas export monopoly Gazprom has hit the wall with new European projects – Nord Stream 2 will be finished at some point in the second half of 2021, the exact route of TurkStream’s second line remains veiled in ambiguity and no other major gas importer voiced their interest in carrying out a new project.
read more... 05/05/2020
Daily (05.05.2020): British gas prices firmed on Monday amid a short system, higher exports and bullish oil markets
Crude oil futures edged higher on Monday as more countries unveiled they would begin easing coronavirus lockdowns and after the production quotas for the main oil exporting countries entered into force at the end of last week. Hence, Brent crude for July delivery soared by 76 cents, or 2.9%, to settle at $27.20 a barrel. At the same time, U.S. WTI crude surged by 61 cents, or 3%, to settle at $20.39 a barrel.
read more... 05/05/2020
Daily (04.05.2020): First weekly gain in a month for Brent crude, as OPEC alliance started to cut more production
Crude futures added ground on Friday, after OPEC and its allies started to reduce more production to tackle the supply excess caused by the coronavirus pandemic. Consequently, Brent crude traded 4.6% higher at $26.44 a barrel. Similarly, WTI futures climbed by 5% to $19.78 a barrel
read more... 04/05/2020
UK has 3.2 GW of CfD-backed operational offshore wind now
Almost 3.2 GW of offshore wind capacity in UK waters is now operational under the Contract for Difference (CfD) regime, following the start of contract payments to phases of the East Anglia One and Hornsea One projects.
read more... 04/05/2020