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Daily (12.01.2022): Oil prices surged to their highest levels since early November amid tight supply, mild impact from Omicron
Oil prices surged on Tuesday, with Brent hovering at about $84 a barrel, a level last seen back in November, mainly due to several supply disruptions and as Omicron impact is seen as short-lived. Hence, Brent crude climbed by $2.85, or 3.5%, to $83.72 a barrel. U.S. West Texas Intermediate (WTI) soared by $2.99, or 3.8%, to end at $81.22 a barrel.
read more... 12/01/2022
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France fires up coal power in policy reversal over feared nuclear shortfall
France is to allow its last two operational coal-fired power plants to produce excessive emissions this winter to stave off the threat of electricity shortages resulting from the closure of some nuclear plants.
read more... 12/01/2022
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EDF Renewables UK partners with DP Energy to deliver up to 1 GW ‘Gwynt Glas’ floating offshore wind project in the Celtic Sea
EDF Renewables, one of the UK’s leading renewable energy companies, is announcing a joint venture partnership with international renewable project developer DP Energy, to generate up to 1GW of low carbon green energy in the Celtic Sea. The project is likely to span English and Welsh waters.
read more... 12/01/2022
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German climate minister sets out plans for 572 TWh/yr green electricity by 2030
Germany's new economy and climate minister Robert Habeck has outlined plans to fast track renewables in order to meet an 80% share in the power mix target by 2030.
read more... 12/01/2022
Daily (11.01.2022): EUAs dropped by 6% on Monday as auction supply resumed
Crude oil prices lost ground on Monday as supply issues in Kazakhstan and Libya attenuated, with traders watching the impact of coronavirus outbreaks in China. Hence, Brent crude fell by 88 cents, or 1.1%, to settle at $80.87 a barrel. U.S. West Texas Intermediate (WTI) crude decreased by 67 cents, or 0.9%, to end at $78.23.
read more... 11/01/2022