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Daily (26.02.2021): Brent crude rally take a breather, while U.S. WTI crude ends at its highest since May 2019

Crude oil prices diverged on Thursday, with Brent crude steadying after a period of optimism amid concerns over OPEC+’s willingness to continue output cuts grow. In contrast, U.S. WTI crude gained ground, spurred by optimism of quickly depleting global oil inventories. Hence, Brent crude lost 0.2% to settle at $66.88 a barrel. Meanwhile, U.S. WTI crude rose by 0.5% to 63.53 a barrel, marking its highest finish since May 2019.

read more... 26/02/2021

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Portugal sees green hydrogen output by end-2022, $12 billion in investment lined up

Portugal will start producing green hydrogen by the end of 2022 and already has private investment worth around 10 billion euros ($12 billion) lined up for eight projects that are expected to move forward, Environment Minister Joao Matos Fernandes said.

read more... 26/02/2021

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Geothermal energy projects in the US receive $46m boost

A total of 17 projects in the US are receiving up to a total of $46 million (£33m) in funding for domestic, carbon-free geothermal energy, with the potential to supply power to homes across the country.

read more... 26/02/2021

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Ford CEO calls on US government to support EV batteries, charging

Ford Motor Co's Chief Executive on Wednesday called on the US government to support battery production and charging infrastructure development, as he outlined the automaker's plan to develop electric platforms for its top-selling trucks, vans and SUVs.

read more... 26/02/2021

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Daily (25.02.2021): Carbon EUAs gained 1.2% on Wednesday amid a rising energy market

Crude prices continued to climb on Wednesday, supported by a decline in US oil supply after a historically cold weather hit the country's main oil regions. As a result, Brent crude increased by 2.6% to $67.04 a barrel and WTI oil rose by 2.5% to $63.22 a barrel.

read more... 25/02/2021

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