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Daily (16.03.2021): Oil prices softened on Monday data amid fears of slow recovery in demand

Oil prices pulled back from gains notched on strong Chinese data and ongoing supply restraint from OPEC+ group as the likelihood of a new round of lockdowns in Europe due to increasing coronavirus cases raised concerns over a possible setback in energy demand. Hence, Brent crude lost 0.5% to settle at $68.88 a barrel. Meanwhile, U.S. WTI crude ended at $65.39 a barrel, declining by 0.5% day-on-day.

read more... 16/03/2021

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Total Reinforces its Commitment to Develop Singapore Into a Major LNG Maritime Hub for Asia

The Maritime and Port Authority of Singapore (MPA) has awarded a third Liquefied Natural Gas (LNG) bunker supplier license to Total’s subsidiary in charge of worldwide bunkering activities, Total Marine Fuels Private Limited, for a five-year term starting January 1st, 2022.

read more... 16/03/2021

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Daily (15.03.2021): Carbon prices rose on Friday to float around a new record of €43

Crude oil prices edged lower on Friday, weighed by concerns on rising interest rates and the gradual restart of refineries. Hence, both Brent and WTI oil slipped by 0.6% to close at $69.22 a barrel and $65.61 a barrel, respectively.

read more... 15/03/2021

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UK drives upcoming oil and gas projects in Europe

The UK is expected to drive the upcoming projects across oil and gas value chain in Europe, accounting for about 25% of the total projects which are likely to start operations by 2025. Amongst these, new build projects lead with 62% while the remaining are expansion projects mainly in the upstream sector (fields), according to GlobalData, a leading data and analytics company.

read more... 15/03/2021

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TenneT to invest up to €5bn a year to prepare grids for energy transition

The largest grid operator in the Netherlands and Germany, TenneT, has unveiled plans to spend up to €5 billion (£4.2bn) every year to build the electricity infrastructure needed for the energy transition.

read more... 15/03/2021

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