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Daily (8.03.2019): WTI futures rose by 0.8% on Thursday, buoyed by OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran

Crude oil prices added ground on Thursday, supported by ongoing OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran. However, record high U.S. crude production and uncertainty around global economic growth limited gains. Brent crude edged 0.5% higher at $66.30 a barrel, while WTI futures rose by 0.8% to $56.66 a barrel.

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National Grid to acquire renewable energy developer Geronimo Energy

UK’s electricity and gas utility National Grid has signed an agreement to acquire Minneapolis, Minnesota-based renewable energy developer Geronimo Energy, for $100m.

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Global offshore wind capacity hits 22 GW in 2018

The global offshore wind market saw the deployment of 4,988 MW in 2018, which made the year a record one in terms of new capacity additions, shows data released by the World Forum Offshore Wind (WFO).

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Finnish EPR receives operating licence

The Finnish government today granted utility Teollisuuden Voima Oyj (TVO) an operating licence for the first-of-a-kind EPR at Olkiluoto. Once it enters commercial operation early next year, the 1600 MWe pressurised water reactor will supply some 15% of the country's electricity demand.

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Daily (7.03.2019): European carbon prices declined by 3.3% on Wednesday due to a bearish energy complex

Crude oil prices were mixed on Wednesday, after U.S. data showed an increase in weekly U.S. crude stockpiles. A slump in U.S. equity indexes also weighed on the market. WTI futures traded 0.6% lower at $56.22 a barrel. However, Brent crude edged 0.2% higher at $65.99 a barrel, after EIA data indicated a larger-than-expected draw in U.S. distillate inventories.

read more... 07/03/2019

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