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Daily (14.01.2021): British front-month gas price slumps by 16% after reaching two-year high
Crude oil prices retreated on Wednesday, feeling the effects of the coronavirus pandemic on global demand. Consequently, Brent oil decreased by 0.9% to close at $56.06 a barrel, while WTI crude edged 0.6% lower at $52.91 a barrel.
read more... 14/01/2021
Equinor grabs 2.5 GW of awards in NY offshore wind tender
Equinor ASA’s (NYSE:EQNR) Empire Wind Phase 2 and the Beacon Wind projects totalling close to 2.5 GW are the winners in New York’s latest offshore wind procurement round.
read more... 14/01/2021
Essar eyes hydrogen economy with GBP 750 million hub in UK
The group’s UK arm, Essar Oil, has tied up with Progressive Energy, an English company specialising in low-carbon energy projects, for setting up the hub at its Stanlow Refinery at Ellesmere Port in Chester
read more... 14/01/2021
UK Space Agency and Rolls-Royce join forces to develop nuclear-powered spacecraft engine
The technology is predicted to halve the projected duration of journeys to Mars to up to four months
read more... 14/01/2021
Daily (13.01.2020): Oil prices escalated at highest levels since February on Tuesday amid Saudi cuts
Crude oil futures advanced on Tuesday, with prices approaching pre-coronavirus levels, continuing to be supported by last week’s surprised decision by Saudi Arabia to cut production by about 1m bbl/day in February and March. Hence, Brent crude rose by 92 cents, or 1.7%, to settle at $56.58 a barrel. At the same time, U.S. WTI crude gained 96 cents, or 1.8%, to end at $53.21. Both contracts finished at their highest level since February 21.
read more... 13/01/2021