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Iberdrola to create new business unit to develop green hydrogen

Spanish utility Iberdrola said on Monday (21 September) it would create a new business unit aimed at developing green hydrogen to supply industry and heavy transport.

read more... 22/09/2020

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Daily (18.09.2020): European carbon prices fell by more than 5% on Thursday due to stronger selling

Oil prices rose for the third consecutive day on Thursday, following OPEC’s meeting which had a positive influence on market. However, oil market is still kept under pressure, due to higher supply and flagging demand. Hence, Brent crude soared by nearly 2.6% to $43.30 a barrel. While the American WTI crude gained 2% to settle at $40.97 a barrel.

read more... 18/09/2020

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Daily (16.09.2020): Oil prices ended higher on Tuesday as Hurricane Sally disrupted Gulf of Mexico energy production

Crude oil futures rebounded on Tuesday, buoyed by rising Chinese industrial production and Hurricane Sally which curbed the supply in the Gulf of Mexico. However, bearish forecasts for the energy demand released by the IEA helped to limit the upside for oil prices. Hence, Brent crude for November delivery soared by 92 cents, or 2.3%, to settle at $40.53 a barrel. Meanwhile, U.S. WTI crude for October delivery climbed by $1.02, or 2.7%, to settle at $38.28 a barrel. Both contracts fell on Monday.

read more... 16/09/2020

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Daily (04.09.2020): Oil prices fell on Thursday, with Brent at its lowest settlement since July 31 amid gloomy demand outlook

Crude oil prices extended losses on Thursday amid persistent concerns about the demand outlook a day after weak U.S. gasoline demand data. The market picture remains focused on muted demand growth in the United States and elsewhere, while global producers began to bring more supply into the market last month. In this context, Brent crude for November delivery declined slightly by 36 cents, or 0.8%, to settle at $44.07 a barrel, the lowest settlement since July 31. U.S. WTI crude for October delivery lost 14 cents, or 0.3%, to close at $41.37 a barrel, the lowest level since August 7.

read more... 04/09/2020

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Daily (28.08.2020): British near-term gas prices retreated from multi-month highs on Thursday amid ample supply, cooler temperatures

Crude oil futures ended lower on Thursday as Hurricane Laura was less catastrophic than predicted, with Gulf of Mexico production expected to recover soon. Hence, Brent crude for October delivery fell by 55 cents, or 1.2%, to settle at $45.09 a barrel. At the same time, U.S. WTI crude declined by 35 cents or 0.8% to end at $43.04 a barrel.

read more... 28/08/2020

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