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Daily (14.07.2021): Brent crude gained ground on Tuesday as OPEC impasse means tight supply
International Energy Agency report showed that the market should expect tighter supply for now due to disagreements among major producers. According to the same report, a strong recovery in demand was noticed during last month. Thus, Brent crude gained around 1.8% to end at $76.49 a barrel. The American crude rose by 1.6% to settle at $75.25 a barrel.
read more... 14/07/2021
Siemens building 8.8-MW green hydrogen plant in Bavaria
Construction of an 8.75-MW green hydrogen production facility in Wunsiedel, northeast Bavaria, started last week.
read more... 14/07/2021
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Britain to ban all new diesel and petrol heavy goods vehicles from 2040
Britain will ban the sale of new petrol and diesel heavy good vehicles from 2040 as part of a broader package of green initiatives aimed at achieving net zero emissions from all forms of transport ten years later.
read more... 14/07/2021
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Shipping industry seeks to combat dark oil transfers at sea
Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever tougher restrictions fight back with elaborate strategies to dodge them.
read more... 14/07/2021
Daily (13.07.2021): Electricity prices fell on Monday, tracking bearish gas and carbon markets
Oil prices dropped on Monday, on doubts over OPEC's ability to maintain production discipline and signs of reduced demand for black gold. Consequently, Brent crude slipped by 0.5% to $75.16 a barrel and WTI oil edged 0.6% lower at $74.10 a barrel.
read more... 13/07/2021