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Daily (17.08.2023): Gas prices retreated on Wednesday as stable supplies outweighed Australian gas workers strike concerns
Oil prices declined on Wednesday, influenced by a robust dollar and declining in U.S. crude inventories, even though crude production reached its highest point in three years at 12.7 million barrels per day. Thus, Brent crude fell by 1.7% to close at $83.45 a barrel, while WTI crude traded 2% lower at $79.38 a barrel.
read more... 17/08/2023
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Aviation law reform could imperil wind energy expansion in Germany
A planned amendment of Germany's Air Traffic Act (LuftVG) could block the construction of wind parks on about one-third of the available area, putting the expansion of onshore wind energy in the country in jeopardy, according to industry association BWE.
read more... 17/08/2023
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UK’s Ofgem approves grid amnesty for 8GW of projects
The Office of Gas and Electricity Markets (Ofgem), the energy regulatory authority in the UK, and the UK’s electricity transmission operator National Grid ESO have agreed to connect backlog projects to the grid.
read more... 17/08/2023
Dutch court rules huge carbon capture project can go ahead
The Netherlands' highest court on Wednesday ruled that construction of a major carbon capture project in the Rotterdam port area can go ahead, despite objections by environmental activists.
read more... 17/08/2023
Daily (16.08.2023): Oil prices extended losses on Tuesday amid various disappointing economic data surrounding Chinese economic outlook
Oil prices extended losses on Tuesday amid various disappointing economic data surrounding Chinese economic outlook. Worries about the stability of the U.S. financial system also contributed to the decline. As a result, Brent crude dropped by 1.5% to $84.89 a barrel, while WTI crude fell by 1.8% to settle at $80.99 a barrel.
read more... 16/08/2023