Latest news
UK saw the ‘fifth largest’ fall in electricity sector carbon emissions since the start of lockdown
Energy-related emissions in the UK fell by 8%, the fifth largest drop, among the ten largest European economies since the start of national lockdowns.
read more... 13/04/2021
.jpg)
Russia Tightens Its Grip On Europe's Natural Gas Markets
A much-used proverb says: a good neighbor is better than a distant friend. Nowhere is it more suitable than the EU’s position vis-a-vis its largest and most important neighbor: the Russian Federation. Current relations are the worst since the end of the Cold War. Despite the often rocky interaction, the European and Russian economies are highly complementary. This has led to a level of dependence that has become a problem for certain countries.
read more... 13/04/2021
Daily (12.04.2021): NBP spot lost 3% on Friday, weighed by a healthy system
Crude oil prices weakened on Friday, weighed by a possible increase in Iranian production and coronavirus concerns. Consequently, Brent oil edged 0.4% lower at $62.95 a barrel and WTI crude slipped by 0.5% to $59.32 a barrel.
read more... 12/04/2021
.jpg)
Exxon mulls closure of Norway's Slagen refinery as region's clean fuel shift continues
ExxonMobil is considering closing its 116,000 b/d Slagen refinery in Norway to convert the site into a fuel import terminal, the company said April 8, marking a potential further casualty of Europe's surplus refining capacity as the region's fuel demand shrinks and competition from new markets continues to grow.
read more... 12/04/2021
Europe risks €87 billion in stranded fossil gas assets
Fossil gas consumption needs to decline 36% from 2020 to 2030, according to the European Commission, but the planned public and private investment would see an increase of 35% from the current import capacity.
read more... 12/04/2021