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Europe powers up electric car battery drive
As electric car sales soar, Europe has started to build up its capacity to produce batteries on the continent but it remains far from reducing its dependence on Asia.
read more... 21/06/2021
Daily (31.05.2021): French and German spot power prices tumbled by around 23% on Friday driven by expectations on surging renewable output
Oil prices diverged on Friday as the Iranian supply concerns and Asian pandemic situation put pressure on WTI crude price. As such, it fell by 0.8% to end at $66.32 a barrel. In contrast, Brent crude settled slightly higher on Friday at $69.63 a barrel amid improving demand outlook and strong economic data.
read more... 31/05/2021
Daily (21.05.2021): EUAs climbed back above 52 EUR /t on Thursday as sentiment turns bullish
Oil prices saw another day of losses on Thursday as investors remained concerned about a possible return of Iranian supply, the rise of U.S. crude stocks and rising coronavirus figures in Asia. Hence, Brent crude shed by $1.55, or 2.3% to settle at $65.11 a barrel. Meanwhile, U.S. WTI crude declined by $1.42, or 2.2% to end at $61.94 a barrel.
read more... 21/05/2021
Daily (20.02.2021): European commodity markets in a bearish mood on Wednesday, as carbon prices lost ground
Crude oil prices fell to their lowest in three weeks, on worries that surging COVID-19 cases in Asia would reduce oil demand. Moreover U.S. inflation fears could slow economic growth, also weighing on prices. Thus, Brent crude fell by nearly 3% to settle at $ 66.66 a barrel. Meanwhile, U.S. WTI crude declined by 4.1% to end at $63.36 a barrel.
read more... 20/05/2021
Daily (19.05.2021): Fiercely falling carbon prices weighed on the European energy complex on Tuesday
Crude oil prices fell on Tuesday due to rising concerns about the coronavirus situation in Asia and amid ongoing talks between world powers on a revival of the Iran nuclear deal, which would bring more supply to the market. Hence, Brent crude moved 1.1% lower to settle at $68.71 a barrel, after initially having traded upwards above $70 a barrel. Meanwhile, U.S. WTI crude declined by 1.2% to end at $65.49 a barrel.
read more... 19/05/2021