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Daily (13.12.2017): European power prices hit contract peaks on Tuesday, after a blast at an Austrian gas hub
Oil prices declined sharply on Tuesday, as traders took profits after prices increased tto a two-year peak on an unscheduled closure of the pipeline that carries the largest North Sea crude oil grade. Brent crude settled down $1.35, or 2.1 percent, at $63.34 a barrel. U.S. crude ended at $57.14 a barrel, or 1.5 percent lower.
read more... 13/12/2017
Daily (11.12.2017): EU carbon prices slumped by around 3% to their lowest level in five weeks on Friday
Oil prices surged by almost 2 percent on Friday, buyout by increasing Chinese crude demand and threats of a strike in Africa's biggest oil exporter. Brent crude closed $1.20, or 1.9 percent, up at $63.40 a barrel. Meanwhile, WTI crude prices rose 1.2% to settle at $57.36 a barrel.
read more... 11/12/2017
Romania will build a waste petroleum recycling facility
Romanian Green Oil and Lubes firm will have a recycling plant for waste lubricant oil. The $56 million project aims to transform oil waste into base oils so it might be reutilized in the automotive and industrial field. The 73,000 metric-tonne recycling site will be constructed in southern region of Romania, on Danube’s shore.
read more... 08/12/2017
Daily (08.12.2017): EU carbon prices settled 1.1% higher on Thursday after a week of declines
Oil prices recovered on Thursday after a data report showed a drop in U.S. crude inventories. Brent crude futures settled at $61.20 a barrel, up 98 cents, or 1.6 percent. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures closed at $56.51 a barrel, up 55 cents, or 1 percent up from their last settlement.
read more... 08/12/2017
EU power producers promise to become carbon free well before 2050
The industry association Eurelectric, under new leadership since last year, promised to make European electricity production carbon neutral well before 2050.
read more... 07/12/2017