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Daily (22.03.2021): Brent crude gained 2% on Friday after resumption of vaccinations.
Oil prices strengthened on Friday, following the news that France, Germany, Spain and Italy will resume AstraZeneca vaccinations, as the European Medicines Agency (EMA) declared the vaccine was "safe and effective". Thus, Brent crude gained 2% to settle at $64.53 a barrel, and WTI oil ended 2.4% up at $61.42 a barrel.
read more... 22/03/2021
Daily (19.03.2021): Oil prices plummeted by 7% on Thursday amid faltering vaccine rollout in Europe
Oil prices plummeted for a fifth day in a row on Thursday due to tighter restrictions in many EU countries, including Italy, France and Poland, as the slowdown in vaccination programs in Europe led to rising Covid-19 cases. Hence, Brent crude dropped by $4.72, or 6.9%, to settle at $63.28 a barrel, while U.S. WTI crude fell $4.60, or 7.1%, to settle at $60.00 a barrel. Both contracts tumbled by more than 11% since their recent highs hit on March 8.
read more... 19/03/2021
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Italian hydro stocks fall below long-term average
Italian hydropower stocks continued to fall last week, reaching a 2021 low and moving to a deficit to the five-year average, amid dry conditions in Italy's hydro-intensive regions.
read more... 19/03/2021
Italy’s energy demand slumped to record lows in 2020
The country’s fall in energy demand is the highest since the Second World War, a new study finds.
read more... 08/03/2021
Enel Green Power, Nareva ink PPA for 270-MW wind project in Morocco
Moroccan electric and water utility ONEE has signed a power purchase agreement (PPA) with a consortium formed by Italy’s Enel Green Power and Moroccan energy company Nareva Holding related to the 270-MW Jbel Lahdid wind farm that the duo will build in the North African kingdom.
read more... 06/01/2021