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Daily (04.07.2019): NBP spot jumped by 2.2% on Wednesday, due to outages in Norway

Crude oil prices added ground on Wednesday, as major U.S. stock indexes closed at record high levels. Moreover, a decrease in the number of oil rigs, operated by U.S. energy firms, for the first time in three weeks, also lent support to prices. As a result, Brent crude climbed by 2.3% to $63.82 a barrel, while WTI futures closed 1.9% higher at $57.34 a barrel.

read more... 04/07/2019

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Romania's OMV Petrom starts 30 mln euro new offshore drilling campaign

Romania's top oil and gas group OMV Petrom said on Monday it has started a 30 million euro ($34 million) new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea.

read more... 04/07/2019

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Nordex reports 2 GW of wind turbine orders in Q2

German wind turbine supplier Nordex SE has received orders for a total of 2,003,3 MW in the second quarter (Q2) of 2019, compared to the 1,089.8 MW of orders registered in the same period of 2018.

read more... 04/07/2019

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Russia's Gazprom signs 5-year contract with Turkmenistan for natural gas

Russian state gas producer Gazprom has signed a 5-year contract with Turkmengaz turkenfor natural gas purchases, the Russian gas producer said on Wednesday.

read more... 04/07/2019

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Daily (03.07.2019): Crude oil prices fell by over 4% on Tuesday, weighed by demand worries

Crude oil prices posted an important loss on Tuesday, pressured by global oil demand concerns raised by weaker factory activity in Europe and Asia in June as well as by downbeat U.S. manufacturing data nearing a three-year low. Moreover, investors seemed to be rather disappointed that OPEC didn’t agree on larger output cuts. As a result, WTI futures plunged by 4.8% to $56.25 a barrel, while Brent crude tumbled by 4.1% to $62.40 a barrel.

read more... 03/07/2019

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