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Daily (10.07.2019): NBP spot declined by 3.7% on Tuesday, as a correction from the previous bullish session

Crude oil prices nudged up on Tuesday, due to OPEC+ supply cut extension and rising tensions in the Middle East. However, U.S.-China trade dispute limited the gains. As a result, Brent crude inched up by 0.1% to $64.16 a barrel, while WTI futures closed 0.3% higher at $57.83 a barrel.

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Russian oil output falls to near 3-yr low in early July - sources

Russian oil production fell close to a three-year low in early July, to 10.79 million barrels per day (bpd), dragged down by declining output at Rosneft , the country’s largest oil producer, industry sources told Reuters on Tuesday.

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Polish PGNiG starts drilling new production well in Pakistan

PGNiG Operating Branch in Pakistan is carrying out work in the Rizq licence area, north of Rizq-1 well, which was brought on stream in November 2016. A year later, another well, Rizq-2, was drilled.

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Equinor, partners ink deal for 200 MW of floating wind off S Korea

Norway’s Equinor ASA Korea National Oil Corporation (KNOC) and Korea East-West Power Corporation have signed a consortium agreement for the development of a 200-MW floating offshore wind project in South Korea.

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Daily (09.07.2019): European spot power prices rose by over 20% on Monday, due to low wind supply and tight nuclear capacity

Crude oil prices steadied on Monday as Iran’s nuclear program offset worries about global oil demand growth. As a result, Brent crude dropped by 0.2% to $64.11 a barrel, while WTI futures added 0.3% to settle at $57.66 a barrel.

read more... 09/07/2019

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