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Poland Poised to Announce Major Coal Mine Closures

Poland’s biggest coal producer, state-run PGG, is likely to announce within days deep cuts in coal output and the closure of a number mines as part of a restructuring plan that is expected to prompt protests by miners, industry sources said.

read more... 27/07/2020

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EDP seeks to close its coal-fired power plants in 2021

The utility is evaluating the development of green hydrogen production and energy storage projects

read more... 16/07/2020

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Germany passes ‘coal-exit’ law to phase out fossil fuels by 2038

German lawmakers have voted a roadmap for the coal-free era in the country, which includes abandoning nuclear power by 2022

read more... 06/07/2020

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Poland's May coal output and sales fall to lowest on record

Poland generates almost 80 per cent of its electricty from coal but the industry is facing financial problems due to falling demand and rising production costs

read more... 02/07/2020

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Daily (01.07.2020): The German Cal ’21 power at its highest level since the end of February, driven by economic optimism, higher carbon and coal prices

Oil prices reversed previous gains on Tuesday as Libya prepares to resume crude exports, intensifying concerns over a possible oversupply on the market. Hence, Brent crude for August delivery, which expired yesterday, fell by 56 cents, or 1.2%, to settle at $41.15. The more-active September contract lost 58 cents at $41.27 a barrel. At the same time, U.S. WTI crude dropped by 43 cents, or 1%, to end at $39.27 a barrel. However, for the month, Brent and WTI gained 16.5% and 12.4% respectively.

read more... 01/07/2020

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