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Daily (31.05.2021): French and German spot power prices tumbled by around 23% on Friday driven by expectations on surging renewable output

Oil prices diverged on Friday as the Iranian supply concerns and Asian pandemic situation put pressure on WTI crude price. As such, it fell by 0.8% to end at $66.32 a barrel. In contrast, Brent crude settled slightly higher on Friday at $69.63 a barrel amid improving demand outlook and strong economic data.

read more... 31/05/2021

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Germany shortlists 62 hydrogen projects with 2 GW capacity for IPCEI state aid

Germany has shortlisted 62 hydrogen production and infrastructure projects as Important Projects of Common European Interest (IPCEI), the energy ministry said May 28.

read more... 31/05/2021

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Spanish government 'considers intervention' in wholesale power market

The Spanish government is considering intervening in the wholesale electricity market to limit the impact on consumer bills of rising CO2 and gas prices, power industry sources said May 28.

read more... 31/05/2021

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Planned revision of EU renewables law opens door to geothermal

A leak of the planned revision for Europe’s key renewable energy legislation bodes well for geothermal energy, but it still does not go far enough to support a full rollout of the technology, according to the industry.

read more... 31/05/2021

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Daily (28.05.2021): CO2 prices fell by over 3% on Thursday amid a weak complex, the release of UK ETS

Crude oil prices increased on Thursday, with Brent crude trading just below $70 a barrel as the potential of increased Iranian supply due to the lifting of US sanctions on the country was not been able to offer any direction to the market. Hence, Brent crude rose by 0.9% to settle at 69.46 a barrel. Meanwhile, U.S. WTI crude moved 1% higher at 66.85 a barrel.

read more... 28/05/2021

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