That’s according to a new independent analysis conducted via Imperial Consultants by academics from Imperial College London for Drax Electric Insights.
Read More »Oil Prices Rise 1% as Mood on Dollar Sours
Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar which hit multi-year lows. Brent crude LCOc1 futures climbed 47 cents, or 1%, to $45.75 a barrel at 0635 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 futures …
Read More »IKEA Launches Solar Panels to Slash Home Electricity Bills
Customers living in Australia will be able to shop for solar panels through the company’s website.
Read More »Uzbekistan Secures €55.8m Loan to Finance Hydropower Projects
The country hopes to generate a quarter of its electricity from renewable sources by 2030, including 3.8GW of hydropower.
Read More »US Takes Off with $33m Funding for Greener Aircraft
Funding will be shared by 17 projects that aim to reduce energy usage and carbon emissions for commercial aircraft propulsion systems.
Read More »Oil Rises on Stimulus Support and China Data, Set for Monthly Gains
Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a well supplied market. Brent crude futures for November LCOc1 climbed 28 cents, or 0.6%, to $46.09 …
Read More »OPEC Compliance Still Appears Good as Iraq Pledges Extra Cuts
Pledged overdue output cuts from Iraq in the next couple of months — if delivered — could help mitigate rising OPEC oil supply amid an expected recovery in demand vs. a weak 2Q. Our analysis points to the group’s overall good 93% compliance with quotas in July, despite sustained non-adherence …
Read More »US Energy-Related Emissions Hit 50-Year Low During Pandemic
In April, carbon dioxide emissions from petroleum and coal consumption fell to their record low, according to a report.
Read More »Second Wave of Covid-19 and Economic Headwinds may Weigh on Crude Demand
OPEC notes in its August report that spot crude oil prices rose in July in the third consecutive monthly increase, averaging $43.42 per barrel. Reuters In the middle of the third quarter, investors momentarily shrugged off coronavirus fears and bumped up crude oil prices after being encouraged by rising demand …
Read More »Oil Prices Rise more than 2%
Oil prices rose today, Wednesday, to more than 2%, after a drop in US oil and gasoline inventories last week. Data from the American Petroleum Institute showed that stocks of both crude oil and gasoline in the United States recorded a larger-than-expected drop last week, while distillate stocks rose. Crude …
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