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Daily (23.06.2021): EUAs climbed above 53 EUR/tonne on Tuesday, bolstered by strong gas, coal prices
Crude oil futures retreated on Tuesday, with Brent crude rathe flat following a day with no major events. However, expectations that OPEC+ may decide to further boost crude production starting in August added further pressure on oil prices. Hence, Brent crude steadied at $74.81 a barrel. At the same time, U.S. WTI crude decreased by 1.1% to $72.85 a barrel.
read more... 23/06/2021
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Britain’s grid under extreme weather stress?
Britain’s grid is forecast to struggle to cope with future weather extreme events, Imperial College London experts warn.
read more... 24/05/2021
Daily (24.02.2021): Oil prices stable after record highs, but general bullish sentiment is surrounding the market
Crude oil prices diverged on Tuesday, but ended rather flat after hitting fresh 2021 highs amid a lack of major events to impact the oil sellers. Hence, Brent crude added 0.2% to settle at $65.37 a barrel, buoyed by signs that global coronavirus restrictions were being eased. Meanwhile, U.S. WTI crude steadied at $61.67 a barrel amid uncertainty about the return of Texas crude production and concerns about the pace of a U.S. economic recovery.
read more... 24/02/2021
UK Warning Highlights Energy Storage Importance To Renewables
The United Kingdom, which has recently set a record for wind power meeting its demand, issued a security of supply alert earlier this week as wind power output was low due to calm weather. This event highlights the need of increased energy storage capacity able to balance power to the grid at times of strained supply, energy historian and expert Ellen R. Wald wrote in Forbes.
read more... 09/11/2020
Daily (08.01.2020): Crude oil down 1% on Tuesday on reduced fears of an eventual crude supply squeeze
Crude oil prices fell about 1% on Tuesday, recording the first decline in four sessions, dragged down by reduced fears of an eventual crude supply disruption in the Middle East after the U.S. killed an Iranian general last Friday.
read more... 08/01/2020