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Daily (06.05.2019): NBP spot price surged by 1.2% on Friday, due to cooler weather

Oil prices rose slightly on Friday supported by positive U.S. economic data. At the same time, output losses in Iran and Venezuela hit by US sanctions tightened the market. Even if Brent crude edged 0.1% higher at $70.85 a barrel, it nevertheless posted a 1.8% weekly decline.

read more... 06/05/2019

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Total now ‘comfortably’ second largest oil firm in LNG market, Woodmac say

French oil giant Total is now “comfortably” the world’s second largest seller of liquified natural gas (LNG), according to Wood Mackenzie (Woodmac).

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UN and Luxembourg ink deal to boost green finance

The country is providing $500,000 to the International Network of Financial Centres for Sustainability

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Poland, Hungary, Czech to release oil reserves after pipeline shutdown

Poland, Hungary and the Czech Republic are offering their domestic refiners about 8 million barrels of oil from strategic reserves after supplies from Russia's Druzhba pipeline to Europe were halted, industry sources said on Friday.

read more... 06/05/2019

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Daily (03.05.2019): EUAs fell by over 9% on a weekly basis, after the end of compliance purchase

The high level of U.S. crude stockpiles overshadowed the ongoing fears of a tighter supply, pushing crude oil prices lower on Thursday. Moreover, a potential rise in Saudi Arabia’s production to meet Asian refineries’ requests for more crude oil also weighed on prices. Consequently, WTI futures plunged by 2.8% to $61.81 a barrel, while Brent crude fell by 2% to $70.75 a barrel.

read more... 03/05/2019

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