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Daily (29.10.2020): Partial lockdowns worldwide weigh on energy demand and on the entire energy complex

Crude oil tumbled by over 5% on Wednesday, as US oil stocks increased more than expected, while overall demand is expected to fall. As such, Brent oil ended at $39.12 a barrel, down 5.1%, or $2.08, from Tuesday’s close and WTI crude dropped by 5.5% to close at $37.39 a barrel.

read more... 29/10/2020

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Tesla Launches UK Energy Plan With Low Power Rates

Tesla is offering its Tesla Energy Plan in the UK designed for homes with solar and Powerwall that will turn them into virtual power plants to produce clean energy.

read more... 29/10/2020

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Daily (28.10.2020): British near-term gas prices hit one-week low on Tuesday amid a less cold weather, strong wind power generation

Oil futures rebounded on Tuesday after the Tropical Storm Zeta slashed considerably the energy output in the Gulf of Mexico, while worries about the impact on demand from the ongoing surging globally in COVID-19 cases continue to weigh on the market. Hence, Brent crude for December delivery rose by 74 cents, or 1.8%, to end at $41.20 a barrel. At the same time, U.S. WTI crude for December delivery soared by $1.01, or 2.6%, to settle at $39.57 a barrel.

read more... 28/10/2020

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CRE to restructure French nuclear sales scheme

French energy regulator CRE has proposed to restructure the Arenh nuclear output sale mechanism and rules surrounding its modification and cancellation in response to legal disputes that arose at the height of the Covid-19 crisis.

read more... 27/10/2020

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Daily (26.10.2020): Carbon prices increased by over 5% on Friday, supported by short-covering and a bullish energy market

The prices for crude oil decreased on Friday, following Libya's decision to boost its oil output. The price for Brent oil dropped by 1.6% to close at $41.77 a barrel, while WTI crude slumped by 1.9% to trade at $39.85 a barrel.

read more... 26/10/2020

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