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Daily (03.06.2021): Brent crude hit a nearly two-year high on Wednesday amid improving demand prospects
Oil prices continue to rise on Wednesday as expectations that global demand will increase, nourished by traders’ optimism. Moreover OPEC+ group decision to stick to their plan to gradually restore supply lent further support to prices. Thus, Brent crude posted a 1.6% gain to settle at $71.35 a barrel, hitting its highest level in nearly two years. At the same time, the American WTI rose by more than 1.6% to end $68.83 a barrel or its highest level since 2018.
read more... 03/06/2021
Construction starts on Ørsted’s first green hydrogen project
Ørsted has started construction of the 2 MW H2RES offshore wind-to-hydrogen project in Denmark, for which the company reached a final investment decision (FID) in January.
read more... 18/05/2021
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Dunkirk offshore wind farm gets green light
Eoliennes en Mer de Dunkerque (EMD) and RTE have announced their decision to start development on an offshore wind project in Dunkirk.
read more... 14/05/2021
Daily (28.04.2021): Strong demand, cold weather and strong fuels market provided support to British gas prices on Tuesday
Crude oil prices rose on Tuesday despite OPEC+ decision to increase output slightly from next week and surging coronavirus infection rate in India. Hence, Brent crude increased by 1.2% to settle at $66.42 a barrel. Meanwhile, U.S. WTI crude soared by 1.7% to close at $62.94 a barrel.
read more... 28/04/2021
EU defers decision on gas and nuclear as 'green' energy
The European Commission will not decide on whether to classify gas and nuclear energy as a possible green investments until later this year. The delay has caused controversy among some NGOs and consumer groups, who say fossil fuels such as gas should not be considered 'green'.
read more... 22/04/2021