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Daily (19.07.2021): Gas prices increased on Friday, due to lower storage levels and concerns over Nord Stream 2
Oil prices traded range-bound on Friday amid persisting uncertainty over next month’s crude production from OPEC+ members. Brent oil and WTI crude both edged 0.2% higher at $73.59 and $71.81 a barrel respectively.
read more... 19/07/2021
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Fontavis, GR Value to co-develop over 330 MW of wind, solar in Italy
Swiss asset manager Fontavis has joined forces with GR Value SpA to co-develop more than 330 MW of mature wind and solar photovoltaic (PV) projects in Italy.
read more... 19/07/2021
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IEA: Electricity demand growth will require more fossil fuel production
The demand for global electricity is growing faster than renewable energy capacity and therefore will require more power to be generated from fossil fuels.
read more... 19/07/2021
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OPEC, allies reach ''full agreement'' after production spat
The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a "full agreement" after an earlier dispute that roiled oil prices.
read more... 19/07/2021
Daily (16.07.2021): Crude oil prices extended losses on Thursday on expectations for increased supplies
Crude oil prices continued to fall on Thursday on expectation for an increase in supply after Reuters reported that Saudi Arabia and the United Arab Emirates (UAE) had reached a compromise deal. Moreover, U.S. fuel stocks rose, providing additional pressure to prices. As such, Brent crude fell by 1.7% to settle at $73.47 a barrel. The American WTI shed by 2% to end at 71.65 p/therm.
read more... 16/07/2021