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Lukoil to sign $10 bln oil supply contract with Hungary's Mol

Russia’s second-largest oil producer Lukoil will sign a contract worth $10 billion to supply oil to Hungarian energy company MOL, Lukoil Chief Executive Vagit Alekperov said on Wednesday.

read more... 31/10/2019

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Equinor taps ABB to connect world’s largest offshore wind farm to UK grid

ABB has been selected by energy companies SSE Renewables and Equinor to supply its high-voltage direct current (HVDC) Light converter systems to connect the world’s largest offshore wind farms in the Dogger Bank region of the North Sea to the UK transmission network.

read more... 30/10/2019

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Gazprom concludes gas feeding into Power of Siberia

Russian gas giant Gazprom said Tuesday it's completed feeding natural gas into the Power of Siberia gas pipeline, which is soon to start supplying product on long-term contract to CNPC, Kallanish Energy reports.

read more... 30/10/2019

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Daily (25.10.2019): Carbon prices surged by around 2.8% on Thursday amid a firmer energy complex ahead of the key Brexit vote

Crude oil prices continued to rise on Thursday after a surprise fall in the U.S. crude stockpiles last week. Hopes for deeper supply cuts from OPEC also supported prices. However, persistent crude demand worries reduced gains. Consequently, Brent crude traded 0.8% higher at 61.67 USD/bbl. At the same time, WTI futures edged up by 0.5% at 56.23 USD/bbl.

read more... 25/10/2019

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Daily (24.10.2019): EU carbon prices plunged by 3.5% on Wednesday, amidst Brexit concerns and a bearish energy market

Crude oil prices extended gains on Wednesday, following a drop in U.S. crude inventories and due to OPEC’s intention to deepen supply cuts. However, slowing global demand might limit the rise. Hence, Brent crude surged by 2.5% to 61.17 a barrel, while WTI futures climbed by 2.7% to end at $55.97 a barrel.

read more... 24/10/2019

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