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Daily (22.03.2019): NBP spot gas price dropped by almost 2% on Thursday, on robust supplies and milder weather

Crude oil prices slipped on Thursday, on weaker global demand and trade worries. However, losses were limited due to reduced global stocks, OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela. Brent oil dipped by 0.9% to $67.86 a barrel, while WTI futures edged 0.4% lower at $59.98 a barrel.

read more... 22/03/2019

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Serbia's NIS, Swiss-based MET join forces in wind farm project

Switzerland-based MET Group said on Thursday its wholly-owned subsidiary MET Renewables and Serbian oil and gas group NIS have set up a joint venture for the construction of a 102 MW wind farm in northern Serbia.

read more... 22/03/2019

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Construction Starts on Gazprom's Kharasaveyskoye Gas Field

Russian President Vladimir Putin has overseen the official start of the full-scale development of Gazprom's Kharasaveyskoye gas field on the Yamal Peninsula.

read more... 22/03/2019

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Bosnia secures EBRD finance

The air quality in the Bosnian city of Zenica will improve “significantly” thanks to plans to replace a coal-fired power plant with a cleaner natural gas-fired combined heat and power plant, according to the European Bank for Reconstruction and Development (EBRD).

read more... 22/03/2019

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Daily (21.03.2019): A sharp drop in crude inventories led to a 2% rise in WTI crude on Wednesday

Oil prices soared on Wednesday buoyed by U.S. government data that showed a sharp drop in crude inventories due to strong export and increasing refining demand. As such, Brent crude rose by 1.3% to $68.50 a barrel, while WTI futures traded 2% higher at $60.23 a barrel. Still, gains could be limited by concerns on the ongoing U.S.-China trade war and its effects on global demand.

read more... 21/03/2019

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