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Daily (08.09.2021): European front-year power contracts hit fresh all-time highs amid strong gas, coal
Crude oil futures retreated on Tuesday as Saudi Arabia’s sharp cuts in crude contract prices for Asia raised fears over slower demand, but strong Chinese economic data and U.S. output outages limited losses. Hence, Brent crude declined by 0.7% to settle at $71.69 a barrel. U.S. WTI crude lost 0.8% to end at $68.35 a barrel.
read more... 08/09/2021
Daily (18.08.2021): Oil prices declined for the fourth day in a row on Tuesday, pressured by concerns over demand for black gold
Crude oil prices decreased slightly on Tuesday, on persisting concerns over Chinese demand amid weak economic data. Thus, Brent oil edged 0.7% down at $69.03 a barrel and WTI crude lost 1% to $66.59 a barrel.
read more... 18/08/2021
Daily (17.08.2021): EUAs strongly rebounded on Monday amid a bullish energy complex
Crude oil prices eased on Monday after data showed Chinese factory output and retail sales growth slowed sharply in July due to new restrictions. However, sources said that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months, limiting losses. As such, Brent crude fell by 1.7% to settle at $67.29 a barrel. At the same time, the American WTI lost 1.6% at $69.51 a barrel.
read more... 17/08/2021
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Chinese duo to build 1.1-GW solar power plant in Brazil
China Development Integration Ltd (CDIL) and China Machinery Engineering Corp (HKG:1829), or CMEC, have inked a deal to finance and construct a 1,100-MW solar power complex in Brazil.
read more... 30/04/2021
Chinese tech firm Xiaomi to develop electric vehicles
The Beijing-headquartered firm's chief executive officer (CEO) Lei Jun will also serve as CEO of the EV subsidiary, which may build a plant in China to manufacture EVs.
read more... 31/03/2021