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Daily (23.06.2020): Crude oil prices soared over 2% on Monday amid easing lockdowns, tighter supplies
Crude oil futures edged higher on Monday amid tightening crude supplies from major producers and as lockdowns eased, but sentiment remained precarious as coronavirus infections continued to accelerate. Hence, Brent crude for August delivery rose by 89 cents, or 2.11%, to settle at $43.08 per barrel. At the same time, U.S. WTI crude for July delivery, which expired at the end of the session, soared by 2.5%, to end at $40.73 a barrel, the highest level since March 6.
read more... 23/06/2020
Great Britain becomes Europe’s second highest producer of wind
Britain become the second highest producer of wind generation in Europe, surpassing Spain, according to data released by EnAppSys. The new data looked at levels of European wind generation in the first 23 weeks of 2020 (January through May) and found that Britain ranked second after Germany during the period.
read more... 16/06/2020
Neoen to build 30-MW battery storage plant in Finland
French renewable power producer Neoen SA will build a 30-MW/30-MWh energy storage facility in Finland to help stabilise the national electricity system managed by Fingrid.
read more... 10/06/2020
Daily (09.06.2020): European spot electricity prices returned at pre-lockdown levels on Monday amid higher demand, lower renewables and nuclear output
Crude oil futures lost ground on Monday despite OPEC+ cuts as traders switched their focus on the announce that top producer Saudi Arabia and Gulf producers are not willing to extend cuts after June. Hence, Brent crude for August delivery fell by $1.50, or 3.6%, to settle at $40.80 a barrel. At the same time, U.S. WTI crude shed by $1.36, or 3.4%, to end at $38.19 a barrel.
read more... 09/06/2020
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Daily (08.06.2020): Crude oil futures settled at 3-month highs on Friday on U.S. jobless drop, OPEC meeting hopes
Crude oil futures rallied on Friday, to close at their highest level since March 6, spurred by AN OPTIMISTIC U.S. jobs report and ON hopes that OPEC+ producers will extend its production cuts for another month at its virtual meeting on Saturday.
read more... 08/06/2020