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Daily (30.12.2021): Oil prices extended gains on Wednesday, after another decrease in weekly US crude stocks
Oil prices increased for a third session in a row on Wednesday, supported by a further drop in US crude reserves. However, the possible impact of the Omicron variant, new lockdowns and travel restrictions, are limiting gains. Brent oil edged 0.4% up, settling at $79.23 a barrel. WTI crude gained 0.8% at $76.56 a barrel.
read more... 30/12/2021
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Nord Stream 2 operator completes process of filling second string with gas
The operator of the Nord Stream 2 gas pipeline from Russia to Germany said Dec. 29 it had completed the process of filling the second 27.5 Bcm/year string of the link with gas.
read more... 30/12/2021
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European wind power set for record Q4 as stormy year-end offsets pre-Christmas lull
Wind power generation across Europe was set for a record fourth quarter with a stormy end to 2021 helping to offset a lull before Christmas, with Week 51 wind output at a six-week low, TSO data analyzed by S&P Global Platts showed Dec. 29.
read more... 30/12/2021
Northvolt kicks off battery cell production at Swedish gigafactory
Swedish battery maker Northvolt assembled its first lithium-ion battery cell at its Swedish Ett gigafactory, making it the first European company to design, develop and assemble a battery in Europe, it said Dec. 29.
read more... 30/12/2021
Daily (29.12.2021): European spot power prices rose sharply on Tuesday, following news on the shutdown of three German reactors
Crude oil prices strengthened on Tuesday, as concerns related to Omicron continued to dissipate, amid news that CDC health authorities halved the isolation period for those infected from ten to five days. Hence, both Brent oil and WTI crude increased by around 0.5% to $78.94 a barrel and $75.98 a barrel, respectively.
read more... 29/12/2021