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Daily (27.11.2020): European carbon prices surged to a new two-month high on Thursday amid strong auction results

Oil prices slipped from multi-month highs on Thursday as vaccine optimism had fizzled out and near-term pandemic concerns had resurfaced. Meanwhile, a build in crude oil inventories in the U.S. added further pressure on oil prices. Hence, Brent crude shed by 1.7% to settle at $47.80 a barrel. U.S. WTI crude ended at $44.93 a barrel, posting a 1.7% decline day-on-day.

read more... 27/11/2020

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French unions begin energy sector strikes over job fears from restructurings

The CGT union, alongside CFE-CGC, FCE-CFDT and Forces Ouvrieres (FO), had urged staff at EDF to strike for at least an hour, even those working remotely.

read more... 27/11/2020

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Norway gas exports could be hit by strike escalation from Friday

Some 2,300 security guards organised by the Norwegian Union of General Workers (NAF) are on strike nationwide over pay, and an additional 85 will go on strike from Saturday unless the dispute is resolved first

read more... 27/11/2020

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Dutch coal-burn halved in 2020

Coal-to-gas fuel switching cut coal-fired generation in the Netherlands by more than 50pc year on year in January-August, despite power generation increasing.

read more... 27/11/2020

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Daily (26.11.2020): European power prices soared on Wednesday amid colder weather outlook and lower wind generation

Crude prices hit an eight-month high on Wednesday, supported by a drop in US oil stocks, progress on the coronavirus vaccine and optimism ahead of the next OPEC+ summit. As such, Brent crude rose by 1.6% to $48.61 a barrel, while WTI oil ended 1.8% higher at $45.71 a barrel.

read more... 26/11/2020

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