Latest news
Daily (15.06.2021): Near-term electricity prices in Europe hit multi-year highs on Monday amid low wind, heat
Crude oil prices moved sideways on Monday, with the market still focused on the coronavirus recovery around the world, but the prolonging of restrictions in the UK tempered the gains. In the U.S., prices retreated slightly as the market seemed to focus on the next monetary policy meeting of the U.S. Central Bank (Fed), which begins on Tuesday. Hence, Brent crude rose slightly by 0.2% to settle at $72.86 a barrel. Meanwhile, U.S. WTI crude steadied at $70.88 a barrel.
read more... 15/06/2021
European Parliament drops call to end free allowances under carbon border levy
The European Parliament on Tuesday dropped its call to phase out the free allowances industrial sectors receive through the European Union carbon market if those sectors become covered by the bloc’s planned carbon border policy.
read more... 10/03/2021
Russia, Saudi Arabia Vow Continued Coordination In Oil Policy
Saudi Arabia and Russia would like to continue their coordination to support oil market stability, the leaders of the two most influential members of the OPEC+ production pact said during a telephone conversation this week.
read more... 18/02/2021
New nuclear needed for UK energy security
The UK government must continue to support nuclear power generation if the country is to meet an expected doubling of electricity demand by 2050 while meeting its Net Zero ambitions, according to a new report from the Centre for Policy Studies (CPS). The think tank recommends the government explore innovative financing methods for the construction of new nuclear power plants.
read more... 22/01/2021
China secures coal, gas and power supplies ahead of another cold wave
China has taken measures to secure natural gas, electricity and coal supplies ahead of another expected cold snap in coming days, the country's top policy planner, the National Development and Reform Commission, said in a Dec. 28 press conference, according to a transcript on its website.
read more... 29/12/2020