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Daily (20.05.2019): NBP spot price slumped by 7.5% on Friday amid system oversupply

Oil prices lost momentum on Friday, weighed by persistent concerns over a weakening demand because of the stalemate in the U.S.-China trade negotiations. However, the decline in the Iranian and Russian exports along with reduced shipments from the North Sea capped losses. As a result, Brent crude retreated by 0.6% to 72.21 USD/bbl. In the meantime, WTI Crude price slipped by 0.2% to 62.76 USD/bbl.

read more... 20/05/2019

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Alpiq sells two Czech coal-fired power plants to Sev.en Energy

Swiss company Alpiq has agreed to sell its two coal-fired power plants in the Czech Republic to Sev.en Energy Group for nearly $307.15m (€280m).

read more... 20/05/2019

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Gazprom makes huge Siberian gas discovery

Russia's state-owned Gazprom Friday announced a 17-trillion-cubic-foot gas discovery in Siberia, Kallanish Energy reports.

read more... 20/05/2019

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Wind park of 102 MW opens to power Philips in Netherlands

The 102-MW Windpark Krammer facility in the southwest of the Netherlands was officially opened this week in a ceremony attended by King Willem-Alexander.

read more... 20/05/2019

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Daily (17.05.2019): Brent crude added 1.2% on Thursday, due to rising tensions in the Middle East

Oil prices extended momentum on Thursday, on rising tensions in the Middle East, as Saudi Arabia responded to its recent attacks on its crude oil firm by launching air strikes on the Houthi-held capital Sanaa. Brent crude rose by 1.2% to $72.62 a barrel, while WTI Crude increased by 1.4% to $62.87 a barrel.

read more... 17/05/2019

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