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Daily (30.08.2019): WTI futures jumped by 1.7% on Thursday after two new pipelines opened in the Permian Basin

Crude oil prices rose on Thursday, backed by a deep decline in U.S. crude inventories. The opening of two new pipelines in the Permian Basin also added to demand at WTI delivery hub. At the same time, the approach of Hurricane Dorian toward Florida supported prices raising fears that U.S. crude producers may slow output. As a result, Brent crude hiked by 1% to $61.08, while WTI futures climbed by 1.7% to $56.71 a barrel.

read more... 30/08/2019

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Vestas to sell majority stake in three wind power plants in Romania for 136 mln euro

Danish wind turbine manufacturer Vestas said it has entered into an agreement to sell 80% of its shares in the subsidiaries owning the Romanian wind power plants Pantelimon, Pegasus, and Apollo to a non-disclosed buyer for 136 million euro ($151 million).

read more... 30/08/2019

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Over 97% of Belarus connected to gas supply network

More than 97% of Belarus is connected to the gas supply network, Belarus' Energy Minister Viktor Karankevich told the media on 29 August during a press tour to mark Oil, Gas and Fuel Industry Workers Day, BelTA has learned.

read more... 30/08/2019

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Coal’s share of UK power generation drops to record low of 0.7%

The share of UK power generated by coal hit a record low of 0.7% between April and June.

read more... 30/08/2019

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Daily (29.08.2019): NBP gas prices surged on Wednesday amid a bullish energy complex

Oil prices rose on Wednesday after data showing a strong decline in U.S. stockpiles softened worries about lower oil demand caused by the trade war between the U.S and China. Brent crude added 1.7% to close at $60.49 a barrel. WTI futures gained 1.6% to settle at $55.78 a barrel.   

read more... 29/08/2019

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