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Daily (22.06.2020): The German Cal'21 power price reached 40€ on Friday for the first time since March amid stronger oil and coal prices

Crude oil futures gained ground on Friday amid encouraging signs of demand recovery as OPEC and its allies are fully committed to cut production. Hence, Brent crude for August delivery rose by 68 cents, or 1.6%, to settle a barrel at $42.19 a barrel. At the same time, U.S. WTI crude for July delivery soared by 91 cents, or 2.3%, to end $39.75 a barrel. For the week, Brent crude rallied by 8.9%, while WTI jumped by 9.6%.

read more... 22/06/2020

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Shell to supply carbon-neutral LNG cargoes to China’s CNOOC

LNG giant Shell said it recently signed a deal to supply carbon-neutral liquefied natural gas cargoes to CNOOC Gas & Power Group, a unit of China National Offshore Oil Corporation.

read more... 22/06/2020

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Daily (19.06.2020): EUAs broke key technical resistance levels, to trade above €24 on Thursday amid speculator sentiment, bullish auction result

Crude oil futures climbed on Thursday following the OPEC+ monitoring panel meeting that emphasized the critical importance of adhering to full conformity. However, additional coronavirus cases reported in parts of the United States and China added to market jitters. Hence, Brent crude for August delivery soared by 80 cents, or 2%, to settle at $41.51 a barrel. At the same time, U.S. WTI crude settled at $38.84 a barrel, up 88 cents, or 2.3%.

read more... 19/06/2020

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Manchester to become home of ‘world’s largest liquid air battery’

The project in Trafford is expected to help the country make the most of its solar and wind energy resources

read more... 19/06/2020

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RWE, German LNG to explore hydrogen opportunities

RWE and German LNG Terminal have agreed to jointly explore the development of green hydrogen possibilities via the planned LNG terminal in Brunsbüttel.

read more... 19/06/2020

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