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Daily (24.05.2021): Oil prices gained more than 2% on Friday, on concerns over a storm that formed in the Gulf of Mexico
Crude oil prices were bullish on Friday, briefly supported by a storm that formed in the Gulf of Mexico. Despite an overall bearish sentiment on the market, Brent oil gained 2% to trade at $66.44 a barrel, while WTI crude rose by 2.7% to $63.58 a barrel.
read more... 24/05/2021
Equinor and Horisont progressing Barents Sea carbon capture project
Norwegian duo Equinor and Horisont Energi have struck a deal to further mature a carbon transportation and storage project in the Barents Sea, off the coast of northern Norway.
read more... 24/05/2021
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Britain’s grid under extreme weather stress?
Britain’s grid is forecast to struggle to cope with future weather extreme events, Imperial College London experts warn.
read more... 24/05/2021
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G7 countries agree to accelerate coal phase-out
Climate ministers from G7 countries have committed to "further accelerate the transition away from unabated coal capacity" and agreed to end the financing of coal-fired plants overseas, according to a statement issued today.
read more... 24/05/2021
Daily (21.05.2021): EUAs climbed back above 52 EUR /t on Thursday as sentiment turns bullish
Oil prices saw another day of losses on Thursday as investors remained concerned about a possible return of Iranian supply, the rise of U.S. crude stocks and rising coronavirus figures in Asia. Hence, Brent crude shed by $1.55, or 2.3% to settle at $65.11 a barrel. Meanwhile, U.S. WTI crude declined by $1.42, or 2.2% to end at $61.94 a barrel.
read more... 21/05/2021