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Daily (08.06.2021): British gas prices gained ground on Monday amid muted wind, weak inventories and strong CO2 prices
Crude oil prices retreated on Monday as China’s crude imports slid by 15% year- on- year in May to a five-month low, heightening demand concerns. Hence, Brent crude eased by 0.6% to settle at $71.49 a barrel. Meanwhile, U.S. WTI crude slipped by 0.6% as well, to end at $69.23 a barrel.
read more... 08/06/2021
Daily (04.05.2021): EUAs rallied towards 50 EUR/tonne on Monday amid continuing speculation
Crude oil prices started the week on a front foot, as strong economic figures from China and a rapid coronavirus vaccination pace in the US overshadowed the concerns over increasing virus figures in India. Hence, Brent crude added 0.55 to settle at $67.56 a barrel. Meanwhile, U.S. WTI crude increased by 1.4% to close at $64.69 a barrel.
read more... 04/05/2021
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Chinese duo to build 1.1-GW solar power plant in Brazil
China Development Integration Ltd (CDIL) and China Machinery Engineering Corp (HKG:1829), or CMEC, have inked a deal to finance and construct a 1,100-MW solar power complex in Brazil.
read more... 30/04/2021
China to cut coal use share below 56% in 2021
China aims to cut its coal use to below 56% of energy consumption in 2021, the National Energy Administration (NEA) said in a statement on Thursday, but said the fuel would still play a vital role in ensuring the nation’s energy security.
read more... 23/04/2021
Daily (19.04.2021): NBP spot rose by 2% to a 2-month high on Friday due to persisting cold weather
Crude oil prices edged lower on Friday, as encouraging economic indicators from the United States and China were offset by coronavirus concerns. As such, Brent oil slipped by 0.3% to $66.77 a barrel, and WTI crude lost 0.5% to close at $63.13 a barrel.
read more... 19/04/2021