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Daily (15.07.2020): Oil prices ended slightly higher on Tuesday as OPEC+ complied with the agreed output cuts in June

Crude oil futures posted minor gains on Tuesday amid evidence that OPEC+ complied 107% of agreed oil output cuts in June. However, surging COVID-19 cases globally and mounting tensions between the U.S. and China continue to weigh on oil prices. Hence, Brent crude added 18 cents, or 0.4%, to close at $42.90 a barrel. At the same time, U.S. WTI crude rose by 19 cents, or 0.5%, to settle at $40.29 a barrel.

read more... 15/07/2020


Rosatom, Framatome, GE agree to partner in tender for Bulgarian NPP project

Russian nuclear energy corporation Rosatom said on Thursday that it has signed memorandums of understanding (MoU) with France's Framatome and US-based General Electric Steam Power to submit a joint bid for taking part in the tender for construction of Belene nuclear power plant (NPP) in Bulgaria.

read more... 19/06/2020


Russia expects oil cuts of 5 mln bpd on top of OPEC

Russian Energy Minister Alexander Novak said on Friday he expected oil production cuts by countries outside of the OPEC+ group to amount to 5 million barrels per day (bpd).

read more... 13/04/2020


Wind, solar secure 1.4GW in latest French tenders

The French Ministry for the Ecological and Inclusive Transition has procured approximately 750MW of wind and 630MW of ground-mounted photovoltaic capacity in its latest round of tenders.

read more... 03/04/2020


'Hydrogen could meet quarter of world's energy needs – at $11 trillion cost'

A hydrogen economy powered by vast amounts of renewables could meet a quarter of the world’s energy needs by 2050 – but will need $11 trillion of spending on infrastructure and a $150bn subsidy kick-start, said BloombergNEF.

read more... 31/03/2020