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Daily (28.05.2019): Brent crude climbed by 2.1% on Monday, due to ongoing tensions in the Middle East and OPEC-led supply cuts

Oil prices extended gains on Monday, supported by ongoing tensions in the Middle East and OPEC-led supply cuts. Brent crude surged by 2.1% to $70.11 a barrel, while WTI futures increased by 0.9% to $59.13 a barrel.

read more... 28/05/2019

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CEZ plans to sell assets in Romania, Bulgaria, Poland, Turkey - report

The CEO of Czech energy group CEZ said on Monday that it is planning to sell its assets in Romania, Bulgaria, Poland and Turkey, Czech media reported.

read more... 28/05/2019

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Ukrainian Naftogaz to cut gas prices for industry by almost 8% from June 1

According to UNIAN, Naftogaz of Ukraine will cut the minimum prices of natural gas for industrial consumers from June 1, 2019, by 7.9%, from UAH 7,558 ($287) per 1,000 cu m in May 2019 to UAH 6,963.6 ($264).

read more... 28/05/2019

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Russia's oil output falls to 11.126 million bpd on May 1-26

Russia’s oil production fell to 11.126 million barrels per day (bpd) between May 1 and 26, two industry sources told Reuters on Monday.

read more... 28/05/2019

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Daily (27.05.2019): Brent crude recovered by 1.4% on Friday, posting however its biggest loss of 2019

Crude oil prices rose on Friday due to the long US and UK holiday weekends, offsetting concerns about rising inventories and weak global demand. As a result, Brent crude climbed by 1.4% to $68.69 a barrel on Friday, while WTI futures added 1.2% to settle at $58.63 a barrel.

read more... 27/05/2019

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