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France Bets On Nuclear Power To Reach Net-Zero Goal
France will re-launch the construction of nuclear reactors in a bid to decarbonize its electricity mix, reach net-zero emissions by 2050, and guarantee the country’s energy independence, French President Emmanuel Macron said in an address to the nation on Tuesday.
read more... 12/11/2021
Daily (11.11.2021): Gas markets extended losses on Wednesday, weighed by improved gas supply from Russia
Crude oil prices declined sharply on Wednesday, as the EIA announced a further increase in US crude inventories. As such, Brent oil lost 2.5% at $82.64 a barrel and WTI crude dropped by 3.3% to $81.34 a barrel.
read more... 11/11/2021
Daily (29.10.2021): Gas markets lost significant ground on Thursday, following President Putin statement on higher flows from Russia in November
Oil prices extended losses on Thursday, on previous news of an increase in US crude reserves. However, the market recovered as OPEC+ announced forecasts of a larger-than-expected drop in global stocks this year. Hence, Brent oil slipped by 0.3% to $84.32 a barrel and WTI crude edged 0.2% higher at $82.81 a barrel.
read more... 29/10/2021
EU climate and infrastructure agency eyes end of fossil fuel projects
The director of CINEA, a recently established EU agency managing €55 billion in EU funding for clean energy and transport, has told EURACTIV about the challenge of ending fossil fuel projects entirely, saying coal and natural gas assets “are not simply going to go away” and need to be managed during the transition.
read more... 29/10/2021
Daily (26.10.2021): British gas prices moved higher on Monday amid cold weather forecasts, bullish fuel markets
Oil prices steadied on Monday in absence of any significant event on the market, with the market remaining focused on the tight global supply. Hence, Brent crude rose by 0.5% to settle at $85.99 a barrel. U.S. WTI crude remained unchanged at $83.76 a barrel.
read more... 26/10/2021