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Daily (18.10.2019): EUAs nearly 1% off a fresh three-week high on Thursday, amid growing uncertainty over the fate of the new Brexit deal

Crude oil prices extended gains on Thursday after data pointed at a fall in the U.S. fuel stocks. Higher freight rates from Chinese shipping firm COSCO coupled with news about a new Brexit deal agreed between the UK and the EU also supported prices. Still, gains were capped by demand concerns in the wake of a larger-than-forecasted build in the U.S crude inventories and a string of poor economic data. Consequently, Brent crude inched up by 0.8% at 59.91 USD/bbl, while WTI futures added 1.1% to end at 53.93 USD/bbl.

read more... 18/10/2019

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‘UK needs 120GW of new low carbon capacity to go net zero by 2050’

The UK’s legally-binding target to reach net zero emissions by 2050 will require more than 120GW of new low carbon capacity.

read more... 16/10/2019

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Ukraine sees 10-year high gas volume in storage

Ukraine has pumped 21 billion cubic meters (bcm) of natural gas into its underground storage facilities, to reach a 10-year high volume, according to Naftogaz.

read more... 16/10/2019

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Serbia's WBEG opens Western Balkans' largest wind farm

Serbian company Vetroelektrane Balkana (WBEG), a joint venture of UAE-based Masdar, Taaleri Energia and German development finance institution DEG, has officially opened Cibuk 1, the largest utility-scale commercial wind project in Serbia and the Western Balkans, Masdar said.

read more... 15/10/2019

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Daily (11.10.2019): EU carbon prices climbed by 2.5% on Thursday, following positive negotiations between the UK and Ireland

Crude oil prices rebounded on Thursday, as OPEC pledges to take a supply decision for next year this December. Trade talks between U.S. and China to be held next week also lent support to prices. Hence, Brent crude rose by 1.3% to 59.10 a barrel, while WTI futures climbed by 1.8% on a daily basis to end at $53.55 a barrel.

read more... 11/10/2019

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