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Repsol hikes 2030 renewables target by 60pc to 20GW
Spanish integrated firm Repsol has increased its target for installed renewable power capacity to 20GW in 2030 from a previous target of 12.7GW, with Spanish capacity accounting for about a third of projects by the end of the decade, compared with 90pc currently.
read more... 07/10/2021
EU mulls measures to solve energy price hike
The EU will present measures to mitigate the current energy "price shock", European energy commissioner Kadri Simson said during a European Parliament plenary session this morning.
read more... 07/10/2021
Daily (06.10.2021): Brent crude at three-year high, WTI at seven-year high on Tuesday as OPEC sticks to output plan
Oil prices continued to rally on Tuesday following OPEC+'s decision to maintain a policy of measured monthly production increases, lifting the international crude benchmark to a three-year high. Hence, Brent crude settled up $1.30, or 1.6%, at $82.56 a barrel. U.S. West Texas Intermediate (WTI) oil closed up $1.31, or 1.7%, at $78.93 a barrel, hitting its highest level since 2014.
read more... 06/10/2021
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Rosneft and Vitol strike first major oil trading deal since 2013
Trading firm Vitol has started taking delivery of oil from Russia's top producer Rosneft under a new long-term supply deal as the two companies deepen their cooperation, four industry sources told Reuters.
read more... 06/10/2021
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EU leaders to discuss strategic gas reserve at October summit
EU leaders are to discuss the option of setting up a strategic EU gas reserve against the background of high gas prices, European Commission President Ursula von der Leyen said Oct. 5.
read more... 06/10/2021