Latest news
Daily (09.09.2020): Oil prices tumbled to their lowest level since June on Tuesday amid Saudi price cut, COVID-19 surge
Crude oil futures tumbled to their lowest settlement since June on Tuesday, with Brent plunging below $40 amid a persistent surge in coronavirus cases worldwide and after Saudi Arabia decided to cut its oil prices in October. The end of U.S. summer holiday driving season added further pressure on U.S. WTI price. Hence, Brent crude for November delivery fell by 5.3% to close at $39.78 a barrel. At the same time, U.S. WTI crude plummeted by 5.9% to end at $36.76 a barrel.
read more... 09/09/2020
Marine energy: Wales urged to be 'world leader'
Wales could be a world leader in marine energy and should make the industry a priority, a former energy minister has said.
read more... 04/09/2020
‘World’s largest’ battery storage project unveiled in California
The Gateway Energy Storage project in San Diego County, currently with a capacity of 230MW, is said to be on track to reach 250MW by the end of the month
read more... 21/08/2020
Daily (18.08.2020): British September gas soared to multi-month highs on Monday amid stronger LNG prices worldwide
Strong OPEC+ compliance with their production cut deal in July and reports that China would boost U.S. crude imports as a first phase of the two nations’ trade deal lifted oil prices on Monday. Hence, Brent crude rose by 57 cents, or 1.3%, to settle at $45.37 a barrel. Meanwhile, U.S. WTI crude edged 88 cents higher, or 2.1 %, to close at $42.41 a barrel.
read more... 18/08/2020
Danske Commodities signs 15-year PPA for 480MW of capacity from Dogger Bank
The offshore wind farm is the biggest in the world and boasts a total capacity of 3.6GW, enough to supply 4.5 million homes with renewable power
read more... 18/08/2020