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Daily (28.04.2020): WTI crude plunges by 25% amid concerns over storage
Crude oil futures crashed on Monday amid signs that the worldwide oil storage is filling rapidly, increasing worries that production reductions will not come fast enough to fully offset the collapse in demand due to the coronavirus pandemic. Hence, Brent crude fell by $1.45, or 6.8%, to settle at $19.99 a barrel. At the same time, the U.S. WTI crude plunged by $4.16, or 24.6%, to end at $12.78 a barrel
read more... 28/04/2020
Daily (27.04.2019): WTI oil rebounded by 2.7% on Friday, following a record decline in U.S and Canadian active oil rigs
Crude oil prices inched higher on Friday, after U.S and Canadian oil producers cut the number of active rigs by the most in a month since 2015. Consequently, Brent crude for June delivery traded 0.5% higher at $21.44 a barrel. Similarly, WTI futures rose by 2.7% to $16.94 a barrel.
read more... 27/04/2020
Michigan switches on its ‘largest’ wind park
The park is part of a project involving four new wind parks that will come online in 2020 and avoid 1.2 million metric tonnes of carbon dioxide emissions annually.
read more... 27/04/2020
RWE’s new wind farm to power 15,000 Polish customers
RWE has announced the commercial operation of its new wind energy farm in Poland.
read more... 27/04/2020
EDF poised to lodge Sizewell C nuclear plant application
EDF is poised to submit a planning application for a large nuclear power station on England’s east coast despite opponents’ complaints that Britain’s coronavirus lockdown will hamper proper scrutiny of the project.
read more... 27/04/2020