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Daily (09.01.2019): German spot power contract was 15.9% higher on Tuesday on low wind output

The strong upward evolution in oil prices on Tuesday was caused mainly by OPEC-led crude production cuts. The bullish trend was also backed by signs of progress in U.S.-China trade talks. Officials of the world’s two biggest economies expressed optimism on resolving the dispute. Brent crude soared by 2.4% to $58.72 a barrel, while WTI crude jumped by 2.6% to $49.78 a barrel.

read more... 09/01/2019

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Renewables power in German public supply tops 40% in 2018

Renewables were responsible for 40.4% of Germany’s net electricity production on the public grid last year and ranked as the second largest power generation source, a new report shows.

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BP approves $1.3bn expansion of Atlantis oil field in Gulf of Mexico

BP has approved the $1.3bn phase 3 development of the Atlantis oil field located in deepwater Gulf of Mexico, offshore US.

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Shell finalizes Hazira LNG stake buy from Total

The Hague-based LNG giant Shell said Wednesday it completed the previously announced acquisition of 26 percent equity interest in the Hazira LNG regasification terminal in India from France’s Total.

read more... 09/01/2019

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German CO2 auctions set to resume in Feb: European Commission

German auctions of carbon dioxide allowances are expected to resume in February, the European Commission said late Monday, after a halt since November 2018 due to licensing issues.

read more... 08/01/2019

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