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France completes closure of Fessenheim plant

French utility EDF yesterday permanently shut down unit 2 of the Fessenheim nuclear power plant in eastern France as scheduled. Its closure, together with that of unit 1 in February, was necessary under the country's energy transition law before EDF can bring new nuclear capacity online.

read more... 01/07/2020

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Daily (30.06.2020): NBP spot surged by 10.7% on Monday amid short system, cooler temperatures

Crude oil futures started the week on the front foot, as bullish equity market counterbalanced investors’ concerns over the evolution of the Covid-19 pandemic and the return of containment measures, that could adversely affect demand. Hence, Brent crude rose by 69 cents, or 1.7%, to settle at $41.71 a barrel. At the same time, U.S. WTI crude soared by $1.21, or 3.1%, to end at $39.70 a barrel.

read more... 30/06/2020

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OMV Petrom gets E&P license for Georgian Black Sea perimeter

Georgia’s Oil and Gas Agency has granted oil and gas exploration and extraction licenses to Romanian oil company OMV Petrom, a member of the Austrian OMV Group, Bm.ge reported.

read more... 29/06/2020

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Almost half UK’s electricity generation was from renewables in the first quarter

Quarterly renewables share has never previously exceeded 40% of total electricity generation, according to the BEIS report

read more... 29/06/2020

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Daily (29.06.2020): Brent and WTI dropped by 2.8% and 3.2% for the week as the coronavirus spread is likely to cloud the demand outlook

Crude oil futures turned bearish on Friday as the spread of coronavirus in the U.S. and China are expected to hurt demand recovery. However, a record build-up in U.S. crude inventories added further pressure on the WTI crude price. Hence, Brent crude steadied at $41.02 a barrel. At the same time, U.S. WTI crude fell by 23 cents, or 0.6%, to settle at $38.49 per barrel. For the week, Brent dropped by 2.8%, while WTI crude shed by 3.2%.

read more... 29/06/2020

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