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Daily (27.03.2019): European power prices surged by over 2% due to a bullish energy complex

Tuesday saw a steep rise in oil prices on Tuesday, on the back of OPEC-led output cuts and expectations for a decline in U.S. inventories ahead of weekly API data, which offset worries about a global economic slowdown. Moreover, the second power cut in Venezuela this month also boosted prices. WTI futures traded 1.9 % up at $59.94 a barrel, while Brent crude added 1.1% to close at $67.97 a barrel.

read more... 27/03/2019

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Russia's Novovoronezh NPP II unit 2 reaches final stage

Unit two of the Russian Novovoronezh Nuclear Power Plant II, equipped with the VVER-1200 reactor, was brought to Minimum Control Power (MCP), Russia's state atomic energy corporation, Rosatom, confirmed in a statement on Monday.

read more... 26/03/2019

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Daily (25.03.2019): European power prices on the curve fell by around 0.8% on Friday amid a bearish energy complex

Weaker oil demand, the unhurried U.S.-China trade talks and last week’s dismal German and U.S. manufacturing data which revived concerns over a sluggish global economic growth weighed on oil prices on Friday. A stronger dollar put more pressure on prices. Brent crude traded 1.2% down at 67.03 USD/bbl, while WTI futures dropped by 1.6 % to 59.04 USD/bbl.

read more... 25/03/2019

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France's EDF in race to convert Cordemais plant from coal to biomass

French utility EDF aims to convert its 1,200-megawatt (MW) Cordemais coal-fired power plant by spring 2022 into one that burns pellet fuel made from discarded wood, giving the unit a new lease of life.

read more... 25/03/2019

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Bosnia secures EBRD finance

The air quality in the Bosnian city of Zenica will improve “significantly” thanks to plans to replace a coal-fired power plant with a cleaner natural gas-fired combined heat and power plant, according to the European Bank for Reconstruction and Development (EBRD).

read more... 22/03/2019

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