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Daily (12.10.2020): European carbon prices fell to a seven-week low on Friday following heavy auction supply and Covid worries
The end of one of the oil workers’ strike in Norway led to a ramp up in crude output on Friday, thereby weighing on oil prices. Hence, Brent crude decreased by 1.1% to $42.85 a barrel. Similarly, WTI futures lost 1.8% to trade at $39.95 a barrel.
read more... 12/10/2020
US AECOM to coordinate $8 bln Romanian nuclear reactors project
Romanian Economy Minister Virgil Popescu and US Energy Secretary Dan Brouillette signed a draft intergovernmental cooperation agreement in Washington on Friday for the refurbishment and the building of two new units
read more... 12/10/2020
Mitsui & Co to sell all stakes in coal-fired power plants by 2030: CEO
We still own stakes in coal-fired plants in Indonesia, China, Malaysia and Morocco, but our goal is to make it zero by 2030," Mitsui CEO Tatsuo Yasunaga said in an interview on Friday
read more... 12/10/2020
Spanish industrial gas burn edges lower in September
Spain's industrial gas consumption remained lower than a year earlier in September, but a sharp rise from August resulted in the the year-on-year deficit shrinking to its narrowest this year.
read more... 12/10/2020
Daily (09.10.2020): NBP gas for month-ahead delivery hit an almost 10-month peak on Thursday tracking higher oil and LNG prices
Crude oil futures hit their highest level in more than a month on Thursday as Hurricane Delta forces paralyzed nearly 92% of crude output in the Gulf of Mexico, while Saudi Arabia envisages postponing OPEC plans to boost output. The prospect of more production outages in the North Sea due to a workers’ strike added further support to oil markets. Hence, Brent crude for December delivery jumped by $1.35, or 3.2% to settle at $43.34 a barrel. Meanwhile, U.S. WTI crude surged by $1.24 cents, or 3.1%, to end at $41.19 a barrel.
read more... 09/10/2020