Crude oil futures fell by about 1% on Thursday, but held above the $40 mark amid a weaker demand outlook underscored by the OPEC+ alliance’s decision to ease production cuts from August. Moreover, resurgent coronavirus cases in the U.S. weighed on oil prices. Hence, Brent crude for September delivery declined by 42 cents, to settle at $43.37 a barrel. At the same time, U.S. WTI crude slipped by 45 cents, to close at $40.75 a barrel.
read more... 17/07/2020
Crude oil futures climbed on Thursday following the OPEC+ monitoring panel meeting that emphasized the critical importance of adhering to full conformity. However, additional coronavirus cases reported in parts of the United States and China added to market jitters. Hence, Brent crude for August delivery soared by 80 cents, or 2%, to settle at $41.51 a barrel. At the same time, U.S. WTI crude settled at $38.84 a barrel, up 88 cents, or 2.3%.
read more... 19/06/2020
Portugal will tender 700 MW in solar capacity in August, after the auction was delayed in March due to the coronavirus outbreak, energy secretary Joao Galamba confirmed.
read more... 07/05/2020
Danish developer Orsted will bid for the right to develop the 700MW Hollandse Kust Noord offshore wind farm off the Netherlands at an ongoing subsidy-free auction for the site.
read more... 30/04/2020
Siemens Gamesa has been awarded three wind projects in Poland totalling 184MW in the country’s most recent auction held in December 2019.
read more... 21/04/2020