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Daily (04.08.2020): Oil prices added near 2% on Monday amid upbeat economic data

Crude oil futures ended higher on Monday after a session start in the red as the rise in production from OPEC+ members came into effect, adding to the virus woes. However, oil prices got a boost from positive manufacturing and industrial data across the United States, Europe, and Asia. Hence, Brent crude soared by 63 cents, or 1.5%, to settle at $44.15 a barrel. U.S. WTI crude rose by 74 cents, or 1.8%, to end at $41.01 a barrel.

read more... 04/08/2020

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Plans unveiled for €1.6bn gigafactory in France to supercharge growing battery demand

Production in the gigafactory is scheduled to begin in 2023 with a capacity of 16GWh of battery cells which will later increase to 50GWh

read more... 31/07/2020

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Iberdrola to build green hydrogen plant in Spain, finds off-taker

Iberdrola SA has announced it will build a solar-plus-storage system and a 20-MW electrolyser for the production of green hydrogen in the industrial city of Puertollano, Spain.

read more... 27/07/2020

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Daily (17.07.2020): EUAs plummeted by over 7% on Thursday due to robust auction supply

Crude oil futures fell by about 1% on Thursday, but held above the $40 mark amid a weaker demand outlook underscored by the OPEC+ alliance’s decision to ease production cuts from August. Moreover, resurgent coronavirus cases in the U.S. weighed on oil prices. Hence, Brent crude for September delivery declined by 42 cents, to settle at $43.37 a barrel. At the same time, U.S. WTI crude slipped by 45 cents, to close at $40.75 a barrel.

read more... 17/07/2020

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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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