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Daily (05.05.2021): Oil prices gained 2% on Tuesday, following a lift on travel restrictions in Europe
Crude oil prices strengthened on Tuesday, on the back of prospects for activity and travel resumption in several European countries, particularly France and Italy. As such, Brent oil increased by 2% to $68.88 a barrel and WTI crude rose by 1.9% to $65.69 a barrel.
read more... 05/05/2021
EU Commission approves 400 million Euros Danish state aid for renewable energy
The European Commission on Tuesday approved 400 million euros ($480.12 million) Danish state aid supporting the production of electricity from renewable sources, according to a statement.
read more... 05/05/2021
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Failure of EDF reform would hit its share of the French power market
Energy group EDF's share of the French power market is at risk of plummeting if a restructuring plan to improve its financing situation does not go ahead, its chief executive said in a letter to unions.
read more... 05/05/2021
Belgium probes North Sea energy island by 2025
"We are going to build a multifunctional energy island in the North Sea which will interconnect our wind turbines … but at the same time it will also allow the storage and production of green hydrogen," Belgian energy minister Tinne Van der Straeten said last week.
read more... 05/05/2021
Daily (04.05.2021): EUAs rallied towards 50 EUR/tonne on Monday amid continuing speculation
Crude oil prices started the week on a front foot, as strong economic figures from China and a rapid coronavirus vaccination pace in the US overshadowed the concerns over increasing virus figures in India. Hence, Brent crude added 0.55 to settle at $67.56 a barrel. Meanwhile, U.S. WTI crude increased by 1.4% to close at $64.69 a barrel.
read more... 04/05/2021