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Daily(13.07.2018): NBP spot price fell by 2.5% on Thursday due to expectations for lower demand

Oil prices were mixed on Thursday, spurred by news that the U.S. market has been undersupplied due to the loss of some Canadian oil production. Brent crude surged by 1.4% to $74.45 a barrel. Meanwhile, WTI crude edged 0.1% lower at $70.33 a barrel, as inventories at the Cushing delivery hub had fallen by almost 1M barrels.

read more... 13/07/2018

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Siemens shines for Vietnam solar

Siemens has won an electrical balance of plant contract to supply systems to Trung Nam Group for a 258MW solar farm in Vietnam.

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Savannah makes oil discovery at Kunama-1 exploration well in Niger

The oil find at the Kunama-1 well, which was drilled by the GW 215 Rig to a total measured depth of 2,460m, marks the firm’s third consecutive discovery in its maiden exploration campaign in the R3 portion of the R3/R4 PSC Area in ARB.

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Danish Vestas secures its biggest order in Serbia

Danish wind turbine producer Vestas received its third and largest order from Serbian MK Fintel Wind for a 69-megawatt (MW) wind park, the company announced Thursday.

read more... 13/07/2018

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Daily (12.07.2018): Brent crude plummeted by almost 7% on Wednesday, on news that Libya would increase output

Oil prices slumped on Wednesday, on concerns of increasing trade tensions between two world’s major economies - United States and China. Brent crude tumbled by 6.9% to $73.40 a barrel, following the news that four ports in Libya would ease back in the game. Meanwhile, WTI crude traded 5% lower at $70.38 a barrel.

read more... 12/07/2018

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