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Daily (14.06.2022): German front-year power contract fell to a three-week low on Monday on weaker coal, carbon prices
Oil prices increased slightly in a choppy session on Monday as tight global supplies offset concerns that demand would be stifled by a resurgence of COVID-19 cases in Beijing and more interest rate hikes. Hence, Brent crude rose by 0.2% to settle at $122.27 a barrel. U.S. WTI crude added 0.2% to settle at $120.93 a barrel.
read more... 14/06/2022
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Finnish energy company ends contract with Rosatom over nuclear plant delivery
Finnish energy company Fennovoima has terminated a contract over the delivery of the Hanhikivi 1 nuclear power plant with Rosatom.
read more... 04/05/2022
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GERMAN – Curve tumbles up to EUR 5 with gas fall
German curve power contracts fell up to EUR 5 on Thursday pressured by falling gas prices as liquidity waned, with some anticipating volatility would dominate in the sessions ahead.
read more... 15/04/2022
Daily (13.04.2022): Oil prices surged over 6% on Tuesday as Opec is cautious about replacing Russian supply
Crude oil prices rebounded sharply on Tuesday following Opec’s declaration that it would not boost output to levels good enough to replace Russian oil supply. Easing lockdown measures in Shanghai lent further support. Hence, Brent crude surged by 6.3% to settle at $104.64 a barrel. U.S. WTI crude settled 6.7% higher at $100.60 per barrel. Both contracts lost about 4% on Monday.
read more... 13/04/2022
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Prysmian and Siemens Energy win UK-Germany power link contract
The NeuConnect consortium has awarded contracts worth £1.5bn ($1.95bn) to Prysmian Group and Siemens Energy to deliver cabling works and converter stations for the first subsea power link between the UK and Germany.
read more... 13/04/2022