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Daily (20.08.2020): Higher US LNG prices continue to boost UK forward gas prices

Crude oil prices lost momentum on Wednesday, as a drop in US crude inventories was outweighed by renewed worries over the second wave of the Covid-19 pandemics. Consequently, Brent crude decreased by 0.2% to $45.37 a barrel, while WTI futures edged 0.1% higher at $42.93 a barrel.

read more... 20/08/2020

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Northern Powergrid adopts eco-paint to boost air quality and slash power cuts

The new paint formula is forecast to save more than 5.5 million tonnes of volatile organic compounds from being emitted into the air

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Government’s green investments in developing countries help slash 30m tonnes of emissions

Since 2011, the UK has offered £2.2 billion of finance to fight climate change and installed 2000MW of clean energy capacity, according to Defra’s report

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Siemens Energy to deliver green hydrogen plant in China

1MW electrolyser will be installed in May 2021

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Daily (19.08.2020): NBP spot at a 5-month high on Tuesday amid higher LNG prices globally

Crude oil futures barely changed on Tuesday as the market participants watched the upcoming U.S. government data expected to show a fourth straight weekly drop in stockpiles. However, OPEC+ high compliance with supply cuts in July added little support to oil prices. Consequently, Brent crude rose by 0.2% to settle at $45.46 a barrel. At the same time, U.S. WTI crude remained unchanged at $42.89 a barrel.

read more... 19/08/2020

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