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Daily (08.08.2024): Oil prices rose by over 2% on Wednesday as Libyan production woes offset Chinese demand weakness
Oil prices experienced a significant rise on Wednesday, spurred by production challenges in Libya despite diminished demand from China. Consequently, Brent and WTI crude advanced by over 2%, closing at $78.33 and at $75.23 a barrel.
read more... 08/08/2024
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Greece-Bulgaria gas link operator to press on with expansion to 5 Bcm/year
The operator of the gas interconnector between Greece and Bulgaria is to continue with plans to expand its capacity from the current 3 Bcm/year to 5 Bcm/year despite a lack of market interest in booking additional capacity.
read more... 08/08/2024
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BW ESS, Penso Power and Shell sign long-term UK BESS tolling agreement
Energy storage operator BW ESS and energy storage site developer Penso Power have signed a seven-year tolling agreement with Shell for their Bramley BESS.
read more... 08/08/2024
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Romania approves CfD scheme with reduced solar quota in 2024 tender
The Romanian Ministry of Energy has given the thumbs up to the country’s Contracts for Difference (CfD) scheme that aims to facilitate the allocation of 5 GW of wind and solar capacity via competitive tenders through 2025.
read more... 08/08/2024
China's Dongfeng in pole position to build an auto plant in Italy
Talks between the Italian government and China's Dongfeng Motor Group about building an auto plant in Italy are at an advanced stage, Italian sources close to the matter said.
read more... 07/08/2024