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Daily (16.01.2019): Brent crude jumped by 2.8% on Tuesday due to China’s potential fiscal stimulus

Oil prices jumped on Tuesday as China plans to implement fiscal measures aimed at stabilizing country’s slowing economy. Moreover, output cuts by OPEC and Russia also boosted prices. Brent crude rose by 2.8% to 60.64 USD/bbl, while WTI crude was up by 3.2% settling at 52.11 USD/bbl

read more... 16/01/2019

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Russia’s Looks To Build ‘LNG Island’ To Supply Booming Asian Market

While Russia’s gas giant Gazprom is working to complete the Power of Siberia gas pipeline expected to begin delivering gas to China in December 2019, another Russian company—the country’s biggest liquefied natural gas (LNG) producer Novatek—is looking to boost LNG supply to the growing Asian market.

read more... 16/01/2019

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Equinor to drill seven new wells at Gullfaks to recover even more resources

Norwegian oil and gas major Equinor and its partners have decided to drill seven new wells at Gullfaks field located offshore Norway and improve oil recovery by 17 million barrels.

read more... 16/01/2019

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Nordex ends 2018 with 4.75 GW of new orders

German wind turbine maker Nordex today said its fourth-quarter (Q4) 2018 order intake totalled 1.68 GW, lifting past year’s total to over 4.75 GW.

read more... 16/01/2019

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Daily (15.01.2019): Brent crude dipped by 2.5% on weak China import-export data

Oil prices dropped on Monday as China reported weakening import-export data, which added to persistent concerns about a global growth slowdown. Brent crude plunged by 2.5% to $58.99 a barrel, despite support from OPEC-led output cuts. WTI futures slumped by around 2% to settle at $50.51 a barrel.

read more... 15/01/2019

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