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Daily (03.03.2021): Oil prices tumbled to two-week lows on Tuesday amid expectations that OPEC will boost output
Crude oil prices remained on the back-foot for the fourth consecutive day on Tuesday amid expectations that OPEC+ producers will ease supply curbs at their meeting later this week as the global oil demand shows signs of recovery from the coronavirus pandemic. Hence, Brent crude dropped by 99 cents, or 1.6%, to settle at $62.70 a barrel, its lowest close since Feb. 12. U.S. WTI crude fell by 89 cents, or 1.5%, to $59.75, its lowest settlement since Feb. 19.
read more... 03/03/2021
France's Albioma acquires majority stake in Turkey's Gumuskoy geothermal power plant
France-based independent renewable energy producer Albioma said it completed the acquisition of a 75% stake in Turkish geothermal power plant Gumuskoy.
read more... 28/01/2021
Terna Energy to build 265 MW of floating PV plants in Greece
Greek renewable power producer Terna Energy (ATH:TENERGY) is seeking permission to install 265 MW of floating solar plants in artificial reservoirs in central Greece.
read more... 22/01/2021
Energy majors re-route LNG supplies from Europe to Asia
Global energy majors including Royal Dutch Shell and Total are expected to benefit most from January’s gas price spike, beating rival trading houses and non-integrated producers thanks to their access to multiple sources of the fuel.
read more... 20/01/2021
Oil discovery in Egypt’s Western Desert
Independent producer Apex said the well in Cretaceous sandstones can produce 2,000 barrels a day
read more... 19/01/2021