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Israel said it had reached an agreement in principle from Greece, Cyprus and Italy on the construction of a gas pipeline 2,100 kilometers long and worth about 6 billion euros, which would connect Israel with Europe for the supply of gas to this region. The pipeline construction project was approved by EU experts a year ago. Israel’s Energy Minister Yuval Steinitz stated that countries were planning to sign an agreement by February 2019. This step will give them the opportunity within a year to resolve the issue of private financing of this project. The countries participating in the project are planning to begin gas supplies to Europe through a new gas pipeline before the end of 2025.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Oil prices dropped on Wednesday as the inventory build in U.S. industry data exceeded expectations, while coronavirus cases continue to surge in the United States, the world’s biggest oil consumer. The American Petroleum Institute reported ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Oil prices traded lower in Asia earlier on Monday, a few days before OPEC’s technical meeting scheduled on Wednesday. Investors are expecting that OPEC would further recommend the easing of its current supply cuts in a bid to reverse ...
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