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Daily (21.01.2021): Oil prices edged higher on Wednesday with the inauguration of the 46th US President
On Wednesday, Joe Biden was sworn in as the 46th President of the United States. His climate change policies raised hopes for restricted U.S. crude supply, thus lending support to crude oil prices. As such, Brent oil edged 0.3% higher at $56.08 a barrel, while WTI crude gained 0.6% to $53.31 a barrel.
read more... 21/01/2021
Ørsted makes final investment decision on its first renewable hydrogen project
The Danish demonstration project will use offshore wind energy to produce renewable hydrogen
read more... 21/01/2021
Global energy transition investment ‘hit $500bn mark in 2020’
Solar and wind received the lion’s share of renewable investments globally, according to a new report
read more... 21/01/2021
Western Companies Abandon Russia-Led Nord Stream 2 Project
The U.S. imposed on Tuesday sanctions on the Russian pipe-laying vessel that was expected to complete the construction of the gas pipeline Nord Stream 2, while several Western companies are said to have abandoned links to the project for fear of sanctions.
read more... 21/01/2021
Energy majors re-route LNG supplies from Europe to Asia
Global energy majors including Royal Dutch Shell and Total are expected to benefit most from January’s gas price spike, beating rival trading houses and non-integrated producers thanks to their access to multiple sources of the fuel.
read more... 20/01/2021