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Daily (26.01.2023): European carbon allowances soared on Wednesday after the strongest UKA auction in a year.
Oil prices were steady on Wednesday as US crude inventories rose less than expected, while the upcoming EU embargo on Russian refined products remains a major source of concern for the market. As a result, Brent crude oil went slipped to $86.12 a barrel, while WTI Crude settled at 80.15 USD/bbl.
read more... 26/01/2023
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UK must review decision to block UK-France power cable project
Britain must review its refusal to grant development consent for a high-voltage undersea power cable project linking Britain and France, London's High Court ruled on Tuesday.
read more... 26/01/2023
Norway plans to offer record number of Arctic oil, gas exploration blocks
Norway on Tuesday said it plans to offer energy firms a record number of oil and gas exploration blocks in the Arctic as it seeks to prolong its hydrocarbon production, while green campaigners criticised the risk to the environment.
read more... 26/01/2023
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French Senate adopts bill on accelerating nuclear new build
The French Senate has overwhelmingly approved a draft bill aimed at accelerating procedures related to the construction of new nuclear facilities near existing nuclear sites and to the operation of existing facilities. The bill was adopted in its first reading in the Senate, with 239 votes in favour and 16 against.
read more... 26/01/2023
Daily (25.01.2023): Oil prices dropped amid rising speculations of a potential recession
Concerns about economic recession impacted oil prices. Thus, WTI crude edged lower by around 2% at $80.13 per barrel. Brent crude also dropped by over 2% to settle at $86.13 per barrel.
read more... 25/01/2023