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Daily (24.05.2018): German day-ahead power price dropped by 8% on Wednesday on lower consumption and stronger wind output

Oil prices were mixed on Wednesday. Brent futures soared following a report that OPEC might scale back its agreement to curb oil production at its June meeting, adding $0.23, or 0.3%, to close at $79.80 a barrel. WTI futures lost $0.36, or 0.5%, due to an unexpected hike in U.S. crude stockpiles, to settle at $71.84 a barrel.

read more... 24/05/2018

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ExxonMobil pledges ‘improvements’ in emissions performance

Exxon Mobil Corp. signage is reflected in a puddle at a gas station in Nashport, Ohio, U.S., on Friday, Jan. 26, 2018. Exxon Mobil Corp. is scheduled to release earnings figures on February 2.

read more... 24/05/2018

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Gas Natural Fenosa Renovables begins construction on 50MW PV project in Spain

Gas Natural Fenosa Renovables, the renewables subsidiary of Spanish utility Gas Natural Fenosa, has started construction on a 50MW PV project in Spain.

read more... 24/05/2018

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Russia's Rosneft discovers new oil field in Iraq

Bashneft International, a subsidiary of Russian state-owned oil company Rosneft discovered a new oil field in Iraq as a result of drilling of the first exploratory well at Block 12, Rosneft said in a press release.

read more... 24/05/2018

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Daily (23.05.2018): European carbon prices soared by 2.4% on Tuesday to hit new seven-year peaks

Oil prices were mixed on Tuesday. Brent futures rose close to $80 a barrel level on Tuesday, adding $0.35, or 0.4%, on concerns that decreasing Venezuelan crude output and a potential decline in Iranian exports could further reduce global supply. Brent crude settled at $79.57 a barrel. WTI futures slightly fell due to expectations that OPEC may raise supplies as early as June, to settle at $72.20 a barrel.

read more... 23/05/2018

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