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Daily (05.06.2020): Oil prices steady on Thursday despite OPEC meeting uncertainty

Crude oil futures were little changed on Thursday as the delay of the OPEC+ meeting added uncertainty to whether the producers would agree to extend production cuts by 9.7 million bpd into the second half of 2020. Hence, Brent crude for August delivery rose by 0.5% to settle at $39.99 a barrel, continuing to push for $40 per barrel. At the same time, U.S. WTI crude added 0.3% to close at $37.41 a barrel.

read more... 05/06/2020

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Waste-to-energy facility in Essex gets go-ahead from Environment Agency

The rubbish-burning project is expected to supply enough electricity to power more than 60,000 homes.

read more... 05/06/2020

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Government Approves Phase One Of Latina Decommissioning

Italy's Ministry of Economic Development has issued a decree authorising state-owned nuclear decommissioning and radioactive waste management company Sogin to begin phase one of decommissioning the Latina nuclear power plant in Lazio, south of Rome.

read more... 05/06/2020

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EU renewables generation makes ‘records fall like dominos’ in May

German renewables generation hit 58% throughout May, while the UK averaged 48%, new figures reveal.

read more... 05/06/2020

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Daily (04.06.2020) NBP spot soared by 13.6% on Wednesday as low wind output boosted gas-for-power demand

Crude oil prices stretched gains on Wednesday, on a potential new agreement between OPEC and its allies to cut crude supplies. Nevertheless, a weekly increase in U.S crude inventories supported the bullish trend. As a result, Brent crude increased by 0.6% to $39.79 a barrel. Similarly, WTI futures traded 1.3% higher at $37.29 a barrel.

read more... 04/06/2020

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