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Daily (03.08.2021): European spot electricity prices skyrocketed by over 200% on Monday amid expectations of low wind
Crude oil prices fell for the second day in a row on Monday as highly contagious Delta variant of coronavirus sparked new mobility restrictions around the world, raising worries about demand recovery. Higher crude output from OPEC producers put further downward pressure on crude prices. Hence, Brent crude shed by 4.9% to settle at $72.58 a barrel. U.S. WTI crude ended 3.6%, lower at $71.26.
read more... 03/08/2021
Daily (02.08.2021): Carbon EUAs lost 1.3% on Friday, amid declining investor interest on the market
Crude oil prices strengthened slightly on Friday, supported by positive data on demand for black gold from the US Energy Information Agency (EIA). Hence, Brent oil edged 0.4% higher at $76.33 a barrel and WTI crude gained 0.5% to $73.95 a barrel.
read more... 02/08/2021
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British utility SSE to exit Scotia Gas stake for $1.70 bln
Britain's SSE (SSE.L) on Monday agreed to sell its entire 33.3% stake in Scotia Gas Networks for 1.225 billion pounds ($1.70 billion) to a Canadian consortium of Ontario Teachers' Pension Plan Board and Brookfield Super-Core Infrastructure Partners.
read more... 02/08/2021
Major developed countries cut emissions by just 3.7 per cent in the pre-2020 climate regime
A key group of major developed countries including all G7 countries collectively saw a mere 3.7 per cent reduction in greenhouse gas (GHG) emissions by 2019 over 1990 levels, according to a study by the Council on Energy, Environment and Water (CEEW).
read more... 02/08/2021
Hydrogen goes nuclear as U.K. reactor pivots toward renewables
The $28 billion Sizewell C nuclear station is touted as an anchor for Britain reaching net-zero emissions, yet its reactors will compete with wind farms over the North Sea horizon. On gusty days, where will the plant’s excess power go? Toward making hydrogen.
read more... 02/08/2021