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Daily (22.06.2021): British near-term gas prices rallied at multi-year record highs on Monday amid outages in Norway, weak LNG send-outs
Crude oil futures soared on Monday amid inconclusive nuclear talks between world powers and Iran - which has elected a new hardline president - allaying prospects for a swift revival of the Islamic Republic’s crude exports. Hence, Brent crude increased by 1.9% to settle at $74.90 a barrel. Meanwhile, U.S. WTI crude surged by 2.8% to end at $73.66 a barrel.
read more... 22/06/2021
EU industry hands Brussels headache over carbon border levy
Brussels policymakers, about to unveil the world's first carbon border levy, are caught between industry demands to twin it with free carbon permits worth billions of euros, and analysts' warnings that doing so could expose the EU to legal challenges at the WTO.
read more... 22/06/2021
Australia rejects $36 bln wind, solar, hydrogen project
The Australian government has rejected plans for a $36 billion wind, solar and hydrogen project in a remote area of Western Australia, leaving what would have been one of the world's largest green energy projects in limbo for now.
read more... 21/06/2021
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Vitol boss warns of oil supply 'gap' in 2025-2035 as upstream spending ebbs
The world faces a potential global oil supply shortage over the coming decade as the pullback from fossil fuels project by parts of the industry creates a gap with expected demand, Russell Hardy, CEO of commodity trader Vitol, said June 15.
read more... 16/06/2021
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Norway, UK complete world's longest subsea power cable
Britain and Norway have finished laying the world's longest subsea power cable, which will send wind and hydro energy between the two countries, Norwegian power grid operator Statnett announced Tuesday.
read more... 16/06/2021