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Daily (23.04.2020) WTI futures soared by over 19% on Wednesday, due to potential deeper supply cuts by OPEC
Crude futures recovered from a more-than 20-year low on Wednesday, on potential new oil talks between OPEC producers to deepen supply cuts to support the market. Consequently, Brent crude jumped by 5.4% to $20.37 a barrel. Similarly, WTI futures traded 19.1% higher at $13.78 a barrel.
read more... 23/04/2020
Vattenfall, TenneT sign grid connection deal for 760MW Dutch offshore wind farms
Swedish energy company Vattenfall and transmission system operator (TSO) TenneT have signed an agreement for the construction of offshore grid connection for the 760MW Dutch offshore wind farms Hollandse Kust (Zuid) 3 and 4 to be located in the North Sea.
read more... 22/04/2020
UK smashes record solar peak
The UK surpassed its all-time peak solar generation record on Monday, as pollution levels wane in the COVID-19 lockdown.
read more... 22/04/2020
Oil rout continues as Brent falls to lowest since 1999
International oil prices plunged to the lowest level in more than two decades early on Wednesday amid a continued sell-off on fears of oversupply and the economic impact from the coronavirus pandemic.
read more... 22/04/2020
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Daily (22.04.2020): Brent crude plummeted by 24% on Tuesday, the largest drop since 1991
Crude oil futures prolonged their collapse on Tuesday, as the global coronavirus crisis continues to severely reduce demand for crude, intensifying the supply glut.
read more... 22/04/2020