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Germany passes ‘coal-exit’ law to phase out fossil fuels by 2038

German lawmakers have voted a roadmap for the coal-free era in the country, which includes abandoning nuclear power by 2022

read more... 06/07/2020

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Poland's May coal output and sales fall to lowest on record

Poland generates almost 80 per cent of its electricty from coal but the industry is facing financial problems due to falling demand and rising production costs

read more... 02/07/2020

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Daily (01.07.2020): The German Cal ’21 power at its highest level since the end of February, driven by economic optimism, higher carbon and coal prices

Oil prices reversed previous gains on Tuesday as Libya prepares to resume crude exports, intensifying concerns over a possible oversupply on the market. Hence, Brent crude for August delivery, which expired yesterday, fell by 56 cents, or 1.2%, to settle at $41.15. The more-active September contract lost 58 cents at $41.27 a barrel. At the same time, U.S. WTI crude dropped by 43 cents, or 1%, to end at $39.27 a barrel. However, for the month, Brent and WTI gained 16.5% and 12.4% respectively.

read more... 01/07/2020

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Daily (22.06.2020): The German Cal'21 power price reached 40€ on Friday for the first time since March amid stronger oil and coal prices

Crude oil futures gained ground on Friday amid encouraging signs of demand recovery as OPEC and its allies are fully committed to cut production. Hence, Brent crude for August delivery rose by 68 cents, or 1.6%, to settle a barrel at $42.19 a barrel. At the same time, U.S. WTI crude for July delivery soared by 91 cents, or 2.3%, to end $39.75 a barrel. For the week, Brent crude rallied by 8.9%, while WTI jumped by 9.6%.

read more... 22/06/2020

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Austria shuts down last coal-fired power plant

Austria, an Alpine nation with no significant fossil fuel reserves of its own, still has more than a dozen power plants burning gas and oil.

read more... 16/06/2020

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