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Renewables To Grow 7% In 2020
Renewable power generation capacity will increase by 7 percent this year despite a 5-percent forecast decline in global energy demand, the International Energy Agency said in its Renewables 2020 report.
read more... 11/11/2020
Daily (10.11.2020): Oil prices spiked by about 8% on Monday amid Covid-19 vaccine breakthrough
Oil prices spiked on Monday after US drug firm Pfizer and Germany’s BioNTech unveiled a Covid-19 vaccine that has been found to be more than 90% effective, igniting hopes of improving black gold demand. Hence, Brent crude rallied by $2.95, or 7.5%, to settle at $42.40 a barrel. Meanwhile, U.S. WTI crude surged by $3.15, or 8.5%, to end at $40.29 a barrel. Both contracts hit their biggest daily gain in more five months.
read more... 10/11/2020
Norway plans heavy oil ban around Svalbard
The Norwegian government has announced plans to ban heavy fuel oil (HFO), a dirty marine fuel that propels most vessels, around its Svalbard archipelago in the Arctic Ocean. The effort comes as UN efforts have been deemed too slow.
read more... 10/11/2020
Concordia Damen scores 40 LNG-fueled barges order
Dutch shipyard Concordia Damen has signed a contract for 40 dual-fuel barges with institutional investors advised by J.P. Morgan Asset Management.
read more... 10/11/2020
French power demand recovery halts on new lockdown
French power demand has this month halted its recovery following the reintroduction of a nationwide lockdown in late October, but the year-on-year decline has still slowed compared with the first round of Covid-19 restrictions in the spring.
read more... 10/11/2020