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Daily (17.02.2021): Oil prices held gains on Tuesday amid global vaccine roll-out, cold weather and hopes about economic recovery
Crude oil prices diverged, but ended little changed on Tuesday, with Brent crude hovering near 13-month highs at $63.35 a barrel, as the market was monitoring the progress of vaccination campaigns against Covid-19. Freezing cold that is hitting the United States and optimism about economic recovery added further support to oil prices. Meanwhile, U.S. WTI crude settled at $60.05 a barrel, declining modestly by 0.2% day-on-day.
read more... 17/02/2021
No EU funds for fossil-fuelled vehicles and power
Guidance issued today on national economic programmes financed under a €672.5bn EU recovery and resilience facility stated that conventional scrappage schemes — replacing internal combustion engine (ICE) cars with more efficient ICE models — are not compliant.
read more... 15/02/2021
Daily (08.02.2021): European carbon prices gained 2.5% on Friday, reaching another record-high
Oil prices edged higher on Friday, as OPEC members maintained optimism regarding recovery of global demand for black gold, at the same time continuing to enforce supply control policies. As a result, Brent crude increased by 0.9% to $59.34 a barrel, and WTI oil closed 1.1% higher at $56.85 a barrel.
read more... 08/02/2021
Daily (29.01.2021): German Cal’22 power price hovered around 50 EUR/MWh on Thursday amid a bullish energy complex
Oil prices edged down on Thursday, as uncertainty over the global economic recovery due to soaring COVID-19 infections counterweighed falling U.S. crude inventories. Hence, Brent crude lost 0.5% to close at 55.53 dollars a barrel. Meanwhile, U.S. WTI crude declined by 51 cents, or about 1%, to settle at $52.34 a barrel.
read more... 29/01/2021
Daily (22.12.2020): New strain of coronavirus in the UK weighed heavily on crude oil prices on Monday
Crude oil futures fell on Monday, weighed down by new travel restriction measures imposed at British borders due to a new strain of coronavirus, reviving concerns over an unsteady recovery in global energy demand. Hence, Brent crude dropped by 2.6% to settle at $50.91 a barrel. Meanwhile, U.S WTI crude closed at $47.97 a barrel, posting a 2.3% loss on a daily basis.
read more... 22/12/2020