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Daily (09.05.2023): Crude oil prices notched a 2.3% gain amid optimistic US employment data

The price of oil kept going up on Monday, due to a larger-than-anticipated increase in US employment during April. This led to Brent crude finishing at $77.01 per barrel, which represents a rise of 2.3%. WTI crude rose by 2.6% to close at $73.16 per barrel.

read more... 09/05/2023

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Germany, Austria, Italy urge EU to back hydrogen projects

Austria, Germany and Italy have pressed the European Union to support a cluster of infrastructure projects to transport green hydrogen imported from North Africa, as part of efforts to build a market in Europe for the low-carbon fuel.

read more... 09/05/2023

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Acer grants Nordic regulators more time for balancing rules

EU energy regulatory agency Acer has granted Nordic regulators an extra six months to decide on updates to the rules on market-based cross-zonal electricity balancing capacity allocation, it said late on Friday.

read more... 09/05/2023

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Mannheim coal plant (425 MW) confirms market exit on 5 June

German power plant operator GKM will end market operation of its coal-fired unit 7 (425 MW) in Mannheim on 5 June, the company confirmed on Monday.

read more... 09/05/2023

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Norway’s Surprise Natural Gas Nationalization Plan Even Broader Than Expected

Norway’s plan to nationalize natural gas assets includes more than just Gassled’s natural gas pipelines, new information revealed in a letter from the Norwegian energy minister showed on Friday.

read more... 08/05/2023

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