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Daily (22.06.2018): Brent crude slumped by 2.3% on Thursday on expectations for higher supply

Brent crude dropped by 2.3% to $73.05 a barrel on Thursday, right before the OPEC meeting which is aimed at raising oil output. The news about a higher-than-expected stockpile draw in the U.S. put pressure on WTI crude price, which settled 0.3% lower at $65.54 a barrel.

read more... 22/06/2018

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Royal Dutch Shell divests $1.3bn worth of oil and gas assets in Norway, Malaysia

Royal Dutch Shell has announced the sale of oil and gas assets in Norway and Malaysia for a total of more than $1.3bn.

read more... 22/06/2018

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Asper Powers ahead on Irish wind

London-based Asper Investment Management and the Craydel Group announced that financial close of a 35MW onshore wind farm in county Galway took place earlier this week. The project is the 6th wind farm financed together in Ireland by the Invis Energy partners.

read more... 22/06/2018

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China Set To Cut U.S. Oil Imports As Trade War Heats Up

Chinese oil customers plan to reduce their intake of U.S. crude oil from September onwards to avoid a possible import tariff on American oil in China, due to the uncertain outcome of the current trade tensions, Reuters reported on Thursday, citing Chinese industry sources

read more... 22/06/2018

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Daily (21.06.2018): European power spot prices tumbled on Wednesday due to increased wind generation

Brent crude edged 0.5% lower to $74.74 a barrel on Wednesday, as Iran announced about the possibility to slightly raise the output. Moreover, Saudi Arabia is planning to return 500,000-600,000 barrels to the market.

read more... 21/06/2018

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