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Daily (29.11.2022): Brent crude lost 0.5% on Mondy as unrest in China clouds demand outlook
Crude oil prices diverged on Monday. Brent crude declined by 0.5% to settle at $83.19 a barrel amid fears about a new global recession and fading oil demand. In contrast, U.S. WTI crude increased by 1.3% to close at $77.24 a barrel, spurred by talk of an OPEC+ production cut that offset concerns about severe COVID-19 curbs in China.
read more... 29/11/2022
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Ukraine's Naftogaz asks USAID for help with gas for heating
Ukrainian energy company Naftogaz has asked the United States Agency for International Development (USAID) to help with additional natural gas volumes for the heating season, Oleksiy Chernyshov, the company's chief executive said on Monday.
read more... 29/11/2022
Nord Stream updates Russia-Germany pipeline outage end-date to April next year
Nord Stream AG, the operator of the Russia-led Nord Stream 1 gas pipeline, on Monday updated the end date of the unplanned outage at the Greifswald exit in Germany to April 1, next year.
read more... 29/11/2022
EU fails to agree on Russian oil price cap
European Union governments failed to agree on Monday on a price cap on Russian seaborne crude oil, as Poland insisted that the cap had to be set lower than proposed by the G7 to cut Moscow's ability to finance its invasion of Ukraine, diplomats said.
read more... 29/11/2022
Daily (28.11.2022): Oil prices fell by 2% on Friday due to concerns over weaker demand and a potential cap on Russian crude oil prices
Crude oil prices fell on Friday due to increased concerns about weaker demand and uncertainty over a potential cap by Western nations on Russian crude oil prices. Thus, Brent crude plummeted by 2% to settle at $83.63 a barrel. WTI crude lost 2.3% to close at $76.28 a barrel.
read more... 28/11/2022