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Daily (05.04.2019): European power prices on the curve climbed by over 3% on Thursday following bullish carbon market
Oil prices varied on Thursday. Brent crude edged 0.1% higher at $69.40 a barrel on tightening global supply due to U.S sanctions on Iran and Venezuela, as well as OPEC-led output cuts. Meanwhile, WTI futures declined by 0.6% to $62.10 a barrel on rising production and higher crude inventories.
read more... 05/04/2019
Daily (04.04.2019): EU carbon prices soared by over 5% on Wednesday on positive Brexit progress
Oil prices slipped on Wednesday, on data showing an unexpected rise in U.S. inventories. Meanwhile, US sanctions against Iran and Venezuela and OPEC-led supply cuts limited losses. Brent crude edged 0.1% lower at $69.31 a barrel, while WTI futures traded 0.2% down at $62.46 a barrel.
read more... 04/04/2019
Lukoil has concluded Zhenis block's exploration and development in Kazakhstan
PJSC Lukoil, the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (50/50 joint venture between Lukoil and KazMunayGas) will be operator of the project.
read more... 04/04/2019
UK's National Grid ESO to run zero carbon power system by 2025
National Grid Electricity System Operator (ESO) has announced it will be able to operate a zero carbon electricity system in Britain by 2025.
read more... 02/04/2019
Romanian coal-power complex CE Oltenia seeks EUR 100 mln loan
Romanian coal and power producer CE Oltenia is close to contracting a EUR 105 million loan from a group of six banks to pay for the Greenhouse gas emissions allowance (or carbon certificates), the president of company’s managing board Sorin Boza stated.
read more... 02/04/2019