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Daily (01.02.2019): EU carbon prices plunged by 3.4% on Thursday, amid weaker power prices and ahead of the German auction restart

Oil spot prices were mixed on Thursday. WTI crude declined by 0.8% to settle at 53.79 USD/bbl, on continued concerns over a sluggish global economic growth. Meanwhile, Brent crude rose by 0.4% to close at 61.65 USD/bbl, following data showing a drop in Saudi Arabia’s crude supply to the United States and the recently imposed U.S. sanctions on Venezuelan exports.

read more... 01/02/2019

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Europe’s power sector ‘can be decarbonised by 2045’

That’s the prediction made in a new report published by EY, which says this would require substantial investment, smart grid innovation and the improvement of electricity distribution networks.

read more... 30/01/2019

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Daily (23.01.2019): European carbon prices up by nearly 3% on Tuesday to hit 3-week peaks

A downward trend was noticed in the oil markets on Tuesday, as persistent worries over Chinas’ economic slowdown and its potential negative impact on oil demand weighed on prices. IMF’s warning about increased risk of slowing global growth in the context of U.S.-China trade dispute put more pressure on prices. Consequently, Brent crude lost nearly 2% to settle at $61.50 a barrel. At the same time, WTI futures declined by 2.1% to $53.01 a barrel.

read more... 23/01/2019

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Daily (21.01.2019): European carbon prices up by 5% on Brexit hopes and cold weather

Oil prices rose on Friday as China presented a plan aimed at increasing purchases of U.S. goods in order to reduce the trade surplus with the U.S. to zero by 2024. The recent OPEC’s report showing weaker oil output also lent support to prices. However, the continuous trade disputes between the two major economies boosted fears over slower global economic growth and lower demand for fuel. Brent crude traded 2.5% higher at $62.70 a barrel, while WTI futures surged by 3.3% to $53.80 a barrel.

read more... 21/01/2019

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PGNiG to explore for oil and gas in UAE

Polish oil and gas company PGNiG SA has signed an agreement with the emirate of Ras al Kaimah, UAE, to explore for and produce hydrocarbons in the Block 5.

read more... 18/01/2019

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