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Daily (14.09.2020): Crude oil fell by nearly 6.7% on a weekly basis, amid global demand worries and rising crude stocks
Oil prices declined on Friday posting their second consecutive weekly loss, amid worries over global fuel demand and a continuing rise in crude inventories. As a result, Brent crude fell by 0.6% to settle at $39.83 a barrel. Meanwhile, WTI futures was almost flat at $37.33 a barrel,
read more... 14/09/2020
Zeebrugge LNG marks another first
Fluxys Belgium, the operator of the Zeebrugge LNG terminal, marked a new milestone at the facility.
read more... 14/09/2020
Czech utility EPH closes French coal plant only a year after buying it
The firm has announced it will close the facility at the end of 2020, two years earlier than initially planned
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EU Parliament's environment committee backs 60% emissions cut by 2030
Lawmakers in the European Parliament’s environment committee on Thursday voted in favour of a legally binding target for the European Union to cut its greenhouse gas emissions by 60% by 2030 compared with 1990 levels.
read more... 14/09/2020
Daily (11.09.2020): Carbon prices spiked on Thursday after European Parliament’s environment committee vote
US industry report showed a significant build in stockpiles on Thursday, weighing on oil prices. In addition a slide in gasoline and distillate demand also put pressure on crude market. Thus, Brent crude ended 1.8% lower to settle at $40.06 a barrel. Meanwhile, the American WTI dropped nearly 2% to $37.30 a barrel.
read more... 11/09/2020