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Daily (25.03.2021): Crude oil prices gained 6% on Wednesday following the blockage of the Suez Canal
Oil prices soared on Wednesday, lifted by concerns over the supply of black gold due to the blockage of the Suez Canal. Furthermore, a mixed sentiment over the EIA’s latest report on US crude stocks lent additional support. As a result, Brent oil gained 6% to $64.41 a barrel and WTI crude rose by 5.9% to $61.18 a barrel.
read more... 25/03/2021
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Iberdrola, EDF slam support for natural gas in EU's green finance rulebook
Two of Europe's largest power groups have called on the EU to refrain from backtracking on plans to essentially exclude natural gas from its green taxonomy, a guide for investors that is supposed to drive vast amounts of capital into climate-friendly activities over the coming decades.
read more... 25/03/2021
RWE to invest $4.1 billion in flagship UK offshore wind park
RWE, Europe's third-largest renewables group, has taken an investment decision on its 3 billion pound ($4.1 billion) Sofia offshore wind farm project, it said on Wednesday.
read more... 25/03/2021
Anger as UK fails to rule out further North Sea drilling
The British government on Wednesday angered environmentalists by saying it could license further oil and gas drilling in the North Sea, months before it hosts a climate change summit.
read more... 25/03/2021
Daily (24.03.2021): Oil prices fell by about 6% on Tuesday, to their lowest since early February amid more lockdowns
Crude oil prices fell sharply on Tuesday, under pressure of a stronger dollar and concerns over the near-term outlook for crude oil demand in Europe as the bloc heads inexorably back into full lockdown. Hence, Brent crude shed by $3.83, or 5.9%, to settle at $60.79 a barrel, the lowest level since Feb. 8. Meanwhile, U.S. WTI crude dropped by $3.80, or 6.2%, to settle at $57.76 a barrel, the lowest close since Feb. 5.
read more... 24/03/2021