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Norway to spend $1.2 bln on renewable projects in developing nations
Norway will allocate 10 billion crowns ($1.16 billion) over five years towards renewable energy investments in developing countries to cut greenhouse gas emissions, the government said on Wednesday, and urged private investors to work with it.
read more... 08/07/2021
Daily (04.06.2021): French and German spot above 71 EUR/MWh on Thursday as renewable output wanes
Oil prices steadied as the slow roll-out of vaccinations and high infections rate in countries like Brazil and India counterbalanced demand prospects and US economic data. As such, Brent crude and WTI crude settled at $71.31 and at $68.81 a barrel respectively on Thursday.
read more... 04/06/2021
G7 Nations Invest More In Fossil Fuels Than Clean Energy Despite Pledges
The G7 nations have been pumping more in fossil fuels than in clean energy since the start of the pandemic, despite headline-grabbing pledges for ‘building back greener’, a new report found on Wednesday.
read more... 03/06/2021
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
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OPEC Sees Strong Oil Demand In The Second Half Of 2021
Global oil demand is set to benefit from stronger economic recovery and vaccinations in the second half of this year, OPEC said on Thursday, adjusting higher its outlook for the second half of 2021 and raising slightly its full-year oil demand forecast.
read more... 12/03/2021