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Eskom asks for 45% power tariff hike over next 3 years (South Africa)

South African state-run power utility Eskom has submitted a request to the domestic regulator NERSA (National Energy Regulator of South Africa) for a 45% electricity price hike spread over the next three years. Public hearings on Eskom’s demand for an initial 15% electricity tariff increase are expected to start later in January 2019.

read more... 08/01/2019

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Germany maps offshore future

Germany’s Federal Maritime and Hydrographic Agency BSH is tendering for geotechnical studies of potential new sites for wind energy development in the North and Baltic Seas.

read more... 08/01/2019

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Daily (08.01.2019): NBP spot plummeted by 6.5% on Monday due to an oversupplied system

Oil prices surged for the fifth consecutive day on Monday due to cuts in production by OPEC and its allies, as well as the recovery in equity markets. While Brent crude edged 0.5% higher at $57.33 a barrel, WTI crude gained 1.2% to close at $48.52 a barrel. Gains were limited by reduced crude inventories in the US.

read more... 08/01/2019

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Daily (07.01.2019): The entire energy complex in a bullish mood on Friday

Oil prices continued to gain momentum on Friday after China declared it would hold trade discussions with the United States. Moreover, China's services sector noticed an expansion in December, according to a survey.

read more... 07/01/2019

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Daily (04.01.2019): Brent crude surged by around 2% on Thursday due to OPEC production cuts

Oil prices continued the upward trend in a volatile session on Thursday. Saudi Arabia’s production cuts under OPEC agreement tempered the concerns about a supply glut. Moreover, OPEC is set to support the market through more-than-planned output cuts by the end of January. Consequently, Brent crude rose by 1.9% to $55.95 a barrel, while WTI crude was 1.2% up at $47.09 a barrel.

read more... 04/01/2019

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