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Daily (19.02.2021): UK gas prices surged on Thursday amid diminishing storage levels, supportive technical indicators and stronger carbon prices
Oil prices retreated on Thursday, ending three sessions of increases, despite a larger than expected drop in crude stocks in the United States. The decline came amid speculation that OPEC+ may discuss an increase in production at their meeting early next month. Hence, Brent crude lost 41 cents, or 0.6%, to settle at $63.93 a barrel. U.S. WTI crude fell by 62 cents, or 1%, to settle at $60.52 a barrel.
read more... 19/02/2021
Russia's Rosneft looks to Arctic to ramp up LNG output
The projects were considered as part of its LNG strategy at a meeting chaired by Deputy Prime Minister Alexander Novak last month
read more... 03/02/2021
EU foreign ministers to push for global fossil fuel phase-out
European Union foreign ministers will promote a global phase out of fossil fuels and reaffirm commitments to finance climate adaptation measures at a meeting on Monday (25 January).
read more... 25/01/2021
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
Daily (05.01.2020): Carbon prices strengthened by 3% on Monday amid a bullish energy market
The OPEC+ meeting on Monday was expected to lend support to oil prices. The members, however, had delayed on taking a decision for one more day. As such, due to investor’s prudence, Brent crude ended 1.4% lower at $51.09 a barrel, while WTI oil fell 1.9% to $47.62 a barrel.
read more... 05/01/2021