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Daily (13.08.2020): Oil prices hit their highest level since March 2020
Oil prices jumped on Wednesday amid a drop of 4.5 million barrels in U.S. crude inventories for a third week in a row, according to EIA report. However, the recently increase in coronavirus cases around the world limited their gains. Hence, Brent crude added 93 cents, or 2.1% to settle at $45.43 a barrel. Similarly, WTI futures rose by around 2.6% to end at 42.67.
read more... 13/08/2020
Daily (11.08.2020): Oil prices started the week on a front foot amid Saudi Aramco's demand optimism, upbeat Chinese economic data
Crude oil futures were on the front foot at the beginning of the week, driven by optimistic remarks about demand from the CEO of the world's largest oil company, Aramco and positive economic data from China. In this context, Brent crude for October delivery rose by 59 cents, or 1.3%, to settle at $44.99 a barrel on ICE Futures Europe. At the same time, U.S. WTI crude for September delivery soared by 72 cents, or 1.8%, to close at $41.94 a barrel on the New York Mercantile Exchange.
read more... 11/08/2020
Assembly of world’s largest nuclear fusion reactor begins in France
A total of 35 nations are currently collaborating to build tokamak, a magnetic fusion device, which aims to demonstrate the real potential of fusion as a large scale carbon-free source of energy
read more... 30/07/2020
UK can have "negative-subsidy" offshore wind online in couple of years
The UK’s contracts for difference (CfD) auctions in September 2019 will likely bring the world’s first "negative-subsidy" offshore wind farms, according to a study led by Imperial College London (ICL) researchers.
read more... 29/07/2020
Daily (22.07.2020): Oil prices rallied to their highest levels since early March amid EU stimulus deal, vaccine hopes
Crude oil futures rallied to their highest levels since 6 March amid positive news about the world’s ability to address the COVID-19 pandemic and the unprecedented EU stimulus package to support economies hit by the pandemic. Hence, Brent crude for September delivery soared by $1.04, or 2.4%, to settle at $44.32 barrel. At the same time, U.S. WTI crude surged by 4%, to end at $41.92 a barrel.
read more... 22/07/2020