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Daily (08.11.2022): Strong LNG supply and high storage levels continue to weigh on European gas prices
After reaching more than two-month highs crude oil prices fell amid mixed signals. Chinese policymakers are considering removing the severe COVID-19 limitations on the economy, however, with no deadline established. As a result, WTI declined by 0.9% to $91.79 a barrel, while Brent crude decreased by 0.7% to end at $97.92.
read more... 08/11/2022
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Commerzbank, Norsk Hydro to invest 600 mln euro into 1 GW of Danish solar
A joint venture of subsidiaries of Germany's Commerzbank and Norway's Norsk Hydro will invest 600 million euros ($599 million) to build 1 gigawatt (GW) of solar capacity in Denmark, project developer GreenGo said on Tuesday.
read more... 08/11/2022
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Czech govt proposal for revenue cap on power producers hits nuclear hardest
The Czech industry ministry has proposed a cap on power producers' revenue ranging from 70 to 230 euros per megawatt hour, depending on the source, according to a legislative document published by the government.
read more... 08/11/2022
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G7 to be ready with details of Russian crude price cap by Dec 5
G7 countries will be ready with all the operational details of a price cap on Russian seaborne crude oil by Dec. 5, when the measure is to kick in, even though many details now remain to be settled, a senior U.S. official said on Friday.
read more... 08/11/2022
Daily (07.11.2022): Oil prices increased on Friday, impacted by a potential European Union ban on Russian oil
Oil prices increased on Friday, impacted by a potential European Union ban on Russian oil and the possibility of China loosening some COVID restrictions. As such, Brent crude settled 4.1% higher at $98.57 a barrel, while WTI crude soared by 5% to $92.61 per barrel.
read more... 07/11/2022