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Daily (28.04.2021): Strong demand, cold weather and strong fuels market provided support to British gas prices on Tuesday
Crude oil prices rose on Tuesday despite OPEC+ decision to increase output slightly from next week and surging coronavirus infection rate in India. Hence, Brent crude increased by 1.2% to settle at $66.42 a barrel. Meanwhile, U.S. WTI crude soared by 1.7% to close at $62.94 a barrel.
read more... 28/04/2021
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Vestas plans to expand UK offshore wind manufacturing footprint
Vestas Wind Systems A/S (CPH:VWS) today announced plans to expand its offshore wind manufacturing footprint in the UK, depending on the volume secured in the country's upcoming Contracts for Difference (CfD) fourth allocation round.
read more... 28/04/2021
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Consortium urges EU to end sales of diesel and petrol car sales by 2035
A consortium of industry leaders has called on the European Commission to phase out new diesel and petrol cars and vans no later than 2035.
read more... 28/04/2021
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OPEC+ sticks to plan to ease crude oil output cuts from May 1
OPEC, Russia and their allies will stick to plans for a phased easing of oil production restrictions from May to July amid upbeat forecasts for a recovery in global demand and despite surging coronavirus cases in India, Brazil and Japan.
read more... 28/04/2021
Daily (27.04.2021): Oil prices ended with a slightly bearish sentiment on Monday amid increasing COVID-19 figures in Asia
Crude oil prices corrected slightly lower on Monday as the resurgence of COVID-19 cases in Japan and India set a sour tone for oil trading. The losses were limited after OPEC+ joint technical committee (JTC) has kept its forecast for growth in global oil demand this year. Hence, Brent crude slipped by 0.7% to $65.65 a barrel. Meanwhile, U.S. WTI crude eased by 0.4% to $61.91 a barrel.
read more... 27/04/2021