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China’s Oil Imports Slowly Return To Normal Levels

China’s crude oil imports averaged 11.52 million barrels per day (bpd) in September, up by 3.1 percent from August, but slowly returning to historical levels and starting to ease the congestion at Chinese ports, according to data from energy analytics services provider OilX.

read more... 06/10/2020

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Daily (05.10.2020): Oil fell by 4% on Friday, on news that US President Donald Trump was tested positive for Covid-19

Oil prices lost ground on Friday amid uncertainty surrounding the U.S. president’s health. A weak unemployment report and increased supply from major world oil producers put extra pressure on prices. As a result, Brent crude fell by 4.1% to settle at $39.27 a barrel. Meanwhile, WTI futures declined by 4.3% to $37.05 a barrel.

read more... 05/10/2020

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New Zealand welcomes first floating solar project in wastewater facility

The project, which covers one hectare of water surface is forecast to generate enough electricity to power 200 homes

read more... 05/10/2020

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Norway strike likely to shut down 8% of oil, gas output from Oct 5

Norway's oil and gas production risks being cut by about 8%, or 330,000 b/d of oil equivalent, from the morning of Oct. 5 due to a strike over pay by an offshore managers' union, industry group Norwegian Oil & Gas said Oct. 2.

read more... 05/10/2020

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Vietnam Approves Exxon’s $5-Billion LNG-To-Power Project

The port city of Hai Phong in Vietnam has approved a liquefied natural gas (LNG) project for power generation, expected to be developed by U.S. supermajor ExxonMobil and to cost US$5.09 billion.

read more... 05/10/2020

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