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Daily (24.12.2021): British gas prices were in freefall on Thursday, putting pressure on energy complex
Crude oil prices increased on Thursday amid signs that the Omicron variant may be less severe than previous strains. Hence, Brent crude advanced by 2.07%, or $1.56, to settle at $76.85 per barrel. U.S. WTI crude settled $1.03, or 1.4%, higher at $73.79 a barrel.
read more... 24/12/2021
EC nods to EUR-1.4bn renewables support plan for Greek islands
The European Commission (EC) has approved EUR 1.4 billion (USD 1.59bn) in state aid by Greece for an incentive scheme that will support renewable energy deployment across 47 Greek islands.
read more... 24/12/2021
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Belgian government reaches compromise on nuclear power exit
The Belgian government agreed in principle on Thursday to close its nuclear power plants by 2025, but left open the possibility of extending the life of two reactors if it could not otherwise ensure energy supply.
read more... 24/12/2021
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Fortum, Uniper to build first joint wind energy parks in Finland
Fortum and German subsidiary Uniper on Wednesday unveiled plans to build two wind farms in Finland with a combined capacity of 380 megawatts (MW), marking the first project under their joint renewables strategy in Europe.
read more... 24/12/2021
Daily (23.12.2021): European carbon prices lost around 5% on Wednesday, amid volatile trading and bearish energy markets
Crude oil prices recorded a second consecutive increase on Wednesday, supported by a lower-than-expected drop in US crude stocks. Thus, Brent oil gained 1.8% at $75.29 a barrel and WTI crude surged by 2.3% to $72.76 a barrel.
read more... 23/12/2021