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Daily (11.08.2017): Oil prices fell by around 2% on Thursday on U.S. and North Korea tensions
Oil prices fell on Thursday, pushed lower by a nervous market starting to doubt recent falls in inventories. Libyan production hit in July its highest level for the year. Investors were also concerned of the tensions between the U.S. and North Korea. Brent fell by 1.52% to close at $51.90 a barrel, while WTI price decreased by almost 2% to end at $48.59 a barrel.
read more... 11/08/2017
Commissioning of the unit 4 of Korean Shin Kori nuclear plant delayed
The finalization of the unit 4 of the Shin Kori nuclear power plant has been postponed by ten months due to design enhancement and additional seismic assessment work. The operation of the plant is now expected to start in 2018.
read more... 11/08/2017
Cadent Gas to propose hydrogen to the North West gas grid
British gas distribution network Cadent Gas revealed that it intends to launch hydrogen into the North West England gas network, with the intention to revolutionize the energy system and decarbonize heat.
read more... 10/08/2017
Daily (10.08.2017): European spot electricity prices rose sharply on Wednesday
Oil prices increased above $52 a barrel on Wednesday as U.S. crude inventories last week fell more than expected. This drop raised hopes that an OPEC-led effort to wipe out a 3-year, price-sapping supply glut is working. Brent surged by 1.07% to close at $52.70 a barrel, while WTI price rose by almost 0.8% to end at $49.56 a barrel.
read more... 10/08/2017
UN receives official notice of US withdrawal from Paris climate agreement
The US has sent an official notice stating its intention to retreat from the Paris climate change agreement. UN Secretary-General António Guterres got the notification regarding US’ exit from the pact, unless more profitable conditions could be suggested.
read more... 10/08/2017