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Daily (12.11.2020): Carbon prices hold above the €26 mark amid strong technical selling and profit-taking

Crude prices edged higher on Wednesday, as hopes for a Covid-19 vaccine outweighed OPEC’s announcement to revise down its global oil demand outlook for 2020 and 2021. Hence, Brent oil ended 0.4% higher at $43.80 a barrel, while WTI crude saw a marginal increase of 0.2%, closing at $41.45 a barrel.

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First ever V164-9.5 MW wind turbine installed on a floating wind energy project

MHI Vestas has now installed the first V164 9.5 MW wind turbine, the most powerful wind turbine in use at a floating wind power plant, at the installation harbour for the Kincardine floating offshore wind farm.

read more... 12/11/2020

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UK oil and gas output to take hit as drilling slumps to lowest since 1970s

Drilling activity in the UK oil and gas sector this year is set to slump to the lowest level since the 1970s, with lower activity expected to negatively impact production in 2021-22, and fears for the competitiveness of the overall North Sea basin, industry group Oil & Gas UK said Nov. 11.

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ADNOC says signs LNG supply agreements with Vitol and Total

Vitol would get 1.8 million tons per annum (mtpa) of post-2022 LNG volumes and Total would get 0.75 mtpa of 2021 and 2022 LNG volumes

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Daily (11.11.2020): European Cal’21 power prices reversed gains on Tuesday as vaccine euphoria vanished

Crude oil prices continued to add ground on Tuesday amid optimism generated by a vaccine against COVID-19 and a possible intervention of OPEC + alliance. Moreover, bigger than expected weekly U.S. oil storage draws helped WTI to extend gains. Hence, Brent crude soared by $1.21, or 2.9%, to settle at $43.61 a barrel. Meanwhile, U.S. WTI crude increased by 1.07, or 2.7%, to end at $41.36 a barrel.

read more... 11/11/2020

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