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Daily (18.03.2021): Carbon EUAs rose by 3% on Wednesday to reach new record highs
Crude oil prices edged lower on Wednesday, weighed by a further increase in commercial petroleum stocks in the United States. Brent oil slipped by 0.6% to close at $68.00 a barrel and WTI crude ended 0.3% down at $64.60 a barrel.
read more... 18/03/2021
Bechtel to help Hexicon demonstrate floating wind tech off UK shore
US engineering company Bechtel and Sweden's Hexicon will work together to demonstrate Hexicon's twin turbine floating offshore wind foundation for large-scale projects in UK waters, Bechtel said on Monday.
read more... 18/03/2021
Ofgem proposes to make suppliers return £1.4bn credit balances to customers
Ofgem could call on energy suppliers to return £1.4 billion to customers in Britain under latest proposals to limit the amount of customer credit balances they can hold.
read more... 18/03/2021
Iraq, Total mull joint work on associated gas, solar power projects
Iraq and French oil major Total are in talks to jointly work on developing associated gas and solar power projects, the country's oil minister said March 17, as OPEC's second largest producer seeks to reduce dependence on Iranian energy imports needed for power generation.
read more... 18/03/2021
Daily (17.03.2021): Oil prices extended losses on Tuesday as suspension of Covid-19 vaccine in Europe raised doubts about fuel demand recovery
Crude oil prices retreated for a third consecutive day on Monday amid vaccine rollout disruption in the Eurozone as France, Germany and other European states halted the use of the AstraZeneca vaccine, raising concerns about fuel demand recovery. Moreover, rising U.S. inventories put pressure on WTI crude. Hence, Brent crude declined by 0.7% to settle at $68.39 a barrel. Meanwhile, the U.S. crude benchmark WTI fell by 0.9% to end at $64.80 a barrel.
read more... 17/03/2021