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(Daily 01.07.2022): EUAs rose to a new six-week high on Thursday due to persistent steady buying
OPEC+ reiterated that it will only boost output in August by as much as it had previously indicated amid tight global supplies, contributing to a decline in oil prices on Thursday. Thus, Brent crude fell by 1.3% to settle at $114.81 a barrel. WTI crude decreased by 3.7% to $105.76 per barrel.
read more... 01/07/2022
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Italian government lends 4 bln euros to boost gas storage
Italy's government said on Thursday it was lending state-owned firm Gestore dei Servizi Energetici (GSE) 4 billion euros ($4.17 billion) to buy gas to boost stockpiles, as the country strives to cope with a fall in Russian supplies and surging prices.
read more... 01/07/2022
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EU, Norway agree to increase gas deliveries as Russian cuts deepen
The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe's biggest producer to the EU's 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies.
read more... 24/06/2022
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Daily (17.06.2022): European power curve prices surged on Thursday amid gas cut fears
Crude oil prices increased to their highest levels in over a week in choppy trade on Thursday as traders assessed the prospect of more rate hikes against persistently tight supplies. New sanctions by United States on Iran lent further support. Hence, Brent crude rose by 1.1% to $119.81 a barrel. US WTI crude increased by 2%, to end at $117.58 a barrel.
read more... 17/06/2022
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French power could top EUR 700 this winter
French winter power prices would exceed EUR 700/MWh in the event of a halt to Russian gas supplies, Sebastien Loux, managing director of TotalEnergies' electricity and gas business in Europe, told Montel on Monday.
read more... 14/06/2022