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Daily (17.08.2017): Oil prices fell more than 1% on Wednesday amid gasoline inventories decline

Oil prices were volatile on Wednesday, even though U.S. crude inventories dropped for a 7-th consecutive week to their lowest level since January 2016, according to latest EIA data. However, gasoline inventories did not decline as expected, and the data also showed that U.S. domestic crude output rose adding to global oversupply. On the demand side, analysts see a gradual slowdown in fuel consumption growth.

read more... 17/08/2017

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London Mayor launches solar auctions to make cleanest city on Earth

London Mayor Sadiq Khan has ambitions to turn London into the greenest city by widening the capital’s solar energy generation capacity through city-wide auctions.

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Nigeria state oil firm drives production price of oil barrel from $29 to $23

Nigeria announced that it has reduced the production cost per barrel of crude oil from $29 last month to $23. The cut in price follows complaints about the price of the barrel being the highest in the world.

read more... 17/08/2017

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Innogy enters Irish market, buys wind farm

The German company Innogy has purchased a wind farm in County Kerry, Ireland, thus entering the Irish market. The value of the acquisition of the Dromadda Beg wind farm has not been disclosed, but it is known that it will operate three wind turbines with a 10.2 MW capacity, which received planning approval in May 2014.

read more... 16/08/2017

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The energy market in the North of England might be threatened by a hard Brexit

According to think tank IPPR North, the lack of a stable deal made on energy trade and the withdrawal from Euratom could have a negative impact on the North of England, its energy security and fuel prices in the events of a hard Brexit.

read more... 16/08/2017

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