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Germany’s Incoming Govt Agrees To Phase Out Coal Eight Years Ahead of Schedule
The coalition that will form the government to succeed Germany’s Angela Merkel has agreed to phase out coal by 2030, eight years than currently planned, Reuters reported on Friday.
read more... 18/10/2021
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Rosneft and Vitol strike first major oil trading deal since 2013
Trading firm Vitol has started taking delivery of oil from Russia's top producer Rosneft under a new long-term supply deal as the two companies deepen their cooperation, four industry sources told Reuters.
read more... 06/10/2021
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Power firms, investors, complain to EU about Spanish profit claw-back
Power firms including wind energy leader Iberdrola and investors have complained to European officials about a Spanish move to claw back company profits and channel them to consumers hit by high energy prices, a letter seen by Reuters showed.
read more... 04/10/2021
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Lithuania expects delayed Polish gas link to integrate markets
A pipeline designed to connect the gas grids of Lithuania, Estonia, Latvia and Finland to continental Europe will begin operating in the second half of 2022 after a delay of almost a year, the Lithuanian energy minister told Reuters.
read more... 30/09/2021
Daily (16.07.2021): Crude oil prices extended losses on Thursday on expectations for increased supplies
Crude oil prices continued to fall on Thursday on expectation for an increase in supply after Reuters reported that Saudi Arabia and the United Arab Emirates (UAE) had reached a compromise deal. Moreover, U.S. fuel stocks rose, providing additional pressure to prices. As such, Brent crude fell by 1.7% to settle at $73.47 a barrel. The American WTI shed by 2% to end at 71.65 p/therm.
read more... 16/07/2021