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Daily (07.06.2023): Oil prices edged lower on Tuesday, as a bearish outlook continued to weigh on prices
Oil prices edged lower on Tuesday, as a bearish outlook continued to weigh on prices, with traders expecting Saudi Arabia's production cut not to extend beyond July, thereby easing supply concerns. Brent crude slipped by 0.5 % to settle at $76.29 a barrel. Meanwhile, WTI crude traded at $71.74 a barrel, down by 0.6% day-on-day.
read more... 07/06/2023
Japan to invest $107 bln in hydrogen supply over 15 years
Japan plans to invest 15 trillion yen ($107.5 billion) over the next 15 years to supply the country with hydrogen, the government said on Tuesday, as it accelerates efforts to use the gas to shift to a low carbon economy.
read more... 07/06/2023
First hydrogen bank auction will help gauge market
The first auction to support green hydrogen production in Europe will help understand supply and demand on the emerging EU market when it takes place at the end of the year, according to the European Commission.
read more... 02/06/2023
Ofgem plans to end temporary last resort supply payment claim process
In a bid to adapt to evolving market conditions, Ofgem is proposing to end the temporary multiple claim process for Last Resort Supply Payments (LRSPs).
read more... 30/05/2023
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Engie, Amazon inaugurate Italy's biggest agrivoltaic farm
France's Engie and Amazon on Friday officially opened Italy's biggest agrivoltaic farm to supply green energy to the Italian unit of the e-commerce giant.
read more... 29/05/2023