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Iraq, Total mull joint work on associated gas, solar power projects
Iraq and French oil major Total are in talks to jointly work on developing associated gas and solar power projects, the country's oil minister said March 17, as OPEC's second largest producer seeks to reduce dependence on Iranian energy imports needed for power generation.
read more... 18/03/2021
Daily (12.03.2021): European power spot prices at their lowest level since December, driven by strong wind generation
Oil prices soared on Thursday, fuelled by upbeat forecasts for global economic growth published earlier in the week. Furthermore, a weaker dollar and a fall in U.S. gasoline inventories also lent support to the market. Brent crude gained 2.6 %, or $1.73 to settle at $69.63 a barrel. At the same time, the American WTI crude, rose by 2.5%, or $1.58 to end at $66.02 a barrel.
read more... 12/03/2021
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Dramatic Shift in U.K.’s Power Mix Lies Ahead as Nuclear Fades
The U.K.’s power generation mix will see a dramatic shift from 2024 as output from its nuclear units is forecast to fade out sooner than anticipated.
read more... 12/03/2021
Daily (09.03.2021): European power prices surged on Monday amid mild weather and low renewables generation
Crude oil prices oscillated on Monday, rising on reports of an attack on Saudi Arabia's oil facilities, but dropping later as the country stated that production remained unaffected. Consequently, both Brent and WTI oil fell by 1.6% to settle at $68.24 a barrel and $65.05 a barrel, respectively.
read more... 09/03/2021
Renewables bring 47% of Germany's power in 2020
Germany’s renewable power plants accounted for 47% of Germany’s overall power generation mix in 2020, up from 42.3% a year back, new statistics show.
read more... 08/03/2021