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China Set To Cut U.S. Oil Imports As Trade War Heats Up

Chinese oil customers plan to reduce their intake of U.S. crude oil from September onwards to avoid a possible import tariff on American oil in China, due to the uncertain outcome of the current trade tensions, Reuters reported on Thursday, citing Chinese industry sources

read more... 22/06/2018

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Daily (21.06.2018): European power spot prices tumbled on Wednesday due to increased wind generation

Brent crude edged 0.5% lower to $74.74 a barrel on Wednesday, as Iran announced about the possibility to slightly raise the output. Moreover, Saudi Arabia is planning to return 500,000-600,000 barrels to the market.

read more... 21/06/2018

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EU must support extended use of reactors, says Foratom

Foratom, the European nuclear trade body, has called on the European Commission and other EU institutions to recognise and reward the long-term operation (LTO) of nuclear power reactors in their role to help Europe meet its climate targets.

read more... 21/06/2018

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Norway green lights Johan Castberg project in the Barents Sea

The Norwegian Ministry of Petroleum and Energy has approved Equinor’s plan for development and operation of the Johan Castberg field in the Barents Sea.

read more... 13/06/2018

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Daily (05.06.2018): Bullish coal, gas and carbon markets boosted European power prices on Monday

Oil prices continued the downward evolution on Monday, as investors kept selling amid rising U.S. output, probable global supply growth and trade concerns. Brent crude futures declined by $1.50 a barrel, or 2 percent, to end at $75.29 a barrel. U.S. West Texas Intermediate crude dropped by 1.6% to close at $64.75.

read more... 05/06/2018

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