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Germany steps up hydrogen production infrastructure
Germany is stepping up its hydrogen production infrastructure, as the economy and energy ministry this week announced a second round of calls for hydrogen test fields
read more... 16/04/2021
Shell To Exhaust Dwindling Oil & Gas Reserves By 2040
Shell expects to have produced 75 percent of its current proved oil and gas reserves by 2030, and only around 3 percent after 2040, the supermajor said in its Energy Transition Strategy that it will put to a non-binding shareholder vote next month.
read more... 16/04/2021
Daily (15.04.2021): Oil prices gained nearly 5% on Wednesday amid a sharp decline in US crude reserves and positive demand data
Crude oil prices surged on Wednesday, as the EIA weekly report showed a significant decline in US crude inventories. Moreover, encouraging demand data shared by the OPEC and IEA also lent support to prices. As such, Brent oil soared by 4.6% to $66.58 a barrel, while WTI crude jumped 4.9% to $63.15 a barrel.
read more... 15/04/2021
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Office for Nuclear Regulation greenlights restart of EDF’s reactors
The Office for Nuclear Regulation (ONR) has allowed EDF to return its two reactors at Hunterston B in Scotland to service for a limited period of operation.
read more... 15/04/2021
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Russia aims to boost oil exports before reaching output peak in 2027-2029
Russia's revised oil strategy will focus on maximizing monetization from crude exports before hitting peak production in 2027-2029 and seeing world demand drop, according to a draft document on the development of the sector up to 2035 being reviewed by the State Duma and set to be approved by the government April 22.
read more... 15/04/2021