Crude prices spiked this week from $41.50 to $43.80 this week, as caps imposed by OPEC+ have prevented some members from sneaking into overproduction. In a meeting last Thursday, the group addressed the previous noncompliance of the UAE and others in the groups commitment to withhold 7.7 million barrels per day through to the end of 2020, in order to keep the price of oil at profitable levels for downstream players. Since however, prices have regressed back to between $41 and $42, with governments identifying the likelihood of further lockdown restrictions across Europe. The German government has passed its Renewable Energy Sources Act that sets out steps to generate 65% of the nation’s electricity from renewable sources by 2030. LM…