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Daily (02.10.2020): Oil prices fell to a two-week low on Thursday, posting their first monthly decline since April amid virus fears

Oil prices dipped to a two-week low on Thursday as coronavirus flareup is causing renewed concerns over more lockdown measures, clouding the demand outlook. Moreover, a rise in OPEC output in September added further pressure on oil prices. Hence, Brent crude fell by $1.37, or 3.2%, to settle at $40.93 a barrel. Meanwhile, U.S. WTI crude shed by $1.50, or 3.7%, to close at $38.72 a barrel. In September, Brent lost 9.56%, while WTI 5.61%. This is the first month of decline since April.

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RWE launches research into the salty storage of green electricity

The project could see underground caverns store several GWh of electricity from renewable sources

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Russia’s InterRAO to invest $580m in gas turbine venture with GE

Russian energy holding company InterRAO reportedly plans to invest $580m (RUR45bn) in a gas turbine joint venture with General Electric.

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Coal India sees fastest growth in output, sales for six years in Sept

State-run Coal India accounts for over 80 per cent of the country's production and is the world's largest coal miner by output

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Daily (01.10.2020): UK forward gas prices fell by over 2% on Wednesday, amid rising Norwegian flows and weaker oil prices

Crude oil prices were almost flat on Wednesday on US financial stimulus hopes, and as global fuel demand concerns are still present amidst the coronavirus pandemics.  As a result, the price for Brent crude decreased by 0.2% to $40.95 a barrel. Meanwhile, WTI futures added 2.4% closing at $40.22 due to an expected drop in US crude inventories.

read more... 01/10/2020

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