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Daily (16.05.2024): European carbon prices fell on Wednesday amid persistent selling pressure and reduction in investment funds' short position
Wednesday saw an uptick in oil prices, propelled by renewed optimism regarding the potential for China's economic recovery to stimulate demand for the remainder of the year. Hence, Brent crude settled 0.5% up at $82.75 per barrel, while WTI crude stood at $78.63 per barrel, increasing by about 1% day-on-day.
read more... 16/05/2024
Polish ministry approves plans for Rolls-Royce SMRs
Polish industrial group Industria's plan to construct a power plant based on Rolls-Royce's small modular reactor (SMR) has been approved by the Ministry of Climate and Environment.
read more... 16/05/2024
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UK warns against solar farms on farmland
The government has issued a warning to local authorities today, urging them to refrain from granting planning permission for solar farms on high-quality farmland unless it’s deemed essential.
read more... 16/05/2024
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Baltic states in ‘final phase of work’ to desynchronise electricity grids from Moscow
In the context of the war in Ukraine, the three Baltic states want to accelerate the desynchronisation of their electricity grids from Russia and Belarus and complete it by February 2025 at the latest.
read more... 16/05/2024
Daily (15.05.2024): Oil prices declined by over 1% on Tuesday despite bullish OPEC outlook
Oil prices fell on Tuesday as signs of lower consumption in the US and a stronger dollar offset the risk premium associated with the Middle East situation and bullish OPEC outlook. As a result, Brent crude stood at $82.38 per barrel, while WTI crude settled slightly above $78 per barrel, with both contracts falling by more than 1% day-on-day.
read more... 15/05/2024