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Daily (05.02.2021): Oil prices extend gains, to hit their highest levels in a year amid OPEC commitment to curb supply

Oil prices rose on Thursday, to settle at their highest levels in over a year, propelled by OPEC+ commitment to restraint global supplies and falling U.S. inventories. However, the continued strengthening of the US dollar limited gains. Hence, Brent crude rose by 38 cents, or 0.7%, to settle at $58.84 a barrel. U.S. WTI crude increased by 54 cents, or 1%, to end at $56.23 a barrel.

read more... 05/02/2021

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ENGIE to launch its first natural gas filling stations on motorways

The group is planning to roll-out LNG/CNG filling stations in 2021 through its sustainable mobility offer GNVERT.

read more... 05/02/2021

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EDF Renewables launches first floating PV plant

The 20MW project is forecast to produce the equivalent of the annual electricity consumption of 12,500 households

read more... 05/02/2021

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European Parliament wants expanded carbon border

All imports of products and commodities now under the EU's emissions trading system (ETS), including when embedded in intermediate or final products, should be covered from 2023 by a carbon border adjustment mechanism, the European Parliament's environment committee said today.

read more... 05/02/2021

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Daily (04.02.2021): Carbon prices soared by 7% on Wednesday amid strong auction results

Oil prices continued to push towards one-year highs on Wednesday, as the EIA weekly report showed a drop in US crude stocks. At the same time, the conclusion of the monthly OPEC+ summit lent additional support to prices. As such, Brent and WTI crude closed 1.7% higher at $58.46 and $55.69 a barrel respectively.

read more... 04/02/2021

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