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Daily (02.06.2021): Oil prices continue to climb, with Brent above $70 a barrel amid as OPEC+ sticks with plans to raise output
Crude oil futures extended gains on Tuesday as cartel OPEC+ agreed at its latest ministerial meeting to increase output as planned over the next two months. Hence, Brent crude increased by 93 cents, or 1.3%, to settle at $70.25 a barrel. U.S. WTI crude rose by 1.2% to end at $67.72 a barrel.
read more... 02/06/2021
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Eleven EU countries oppose plan to prolong gas project funding
Germany, Denmark, the Netherlands and eight other countries will reject a plan to prolong European Union support for cross-border natural gas projects, and instead push for rules to exclude fossil fuels, according to a document seen by Reuters.
read more... 02/06/2021
Clean energy investment growth too slow
The IEA said today that the $750bn of investments that it projects will roll into clean energy technologies and efficiency this year is "far below" what is needed.
read more... 02/06/2021
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UK Looks To Support Rollout Of Nuclear Fusion Energy
The United Kingdom will start work to create a regulatory framework for supporting research and development of nuclear fusion technology to enable the delivery of clean and safe energy, the government said on Tuesday in response to a report from an independent expert committee on regulations.
read more... 02/06/2021
Daily (01.06.2021): Brent crude nears $70 a barrel as demand outlook improves
Oil prices gained ground on Monday, with Brent crude for August delivery rising by 0.5% at $69.32 a barrel amid growing demand expectations for the rest of the year, as lockdown measures are gradually withdrawn in large parts of the western world. Meanwhile, U.S. WTI crude increased by 0.9% at 66.90 a barrel. British gas contracts did not trade on Monday due to the Spring bank holiday.
read more... 01/06/2021