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Saudi Arabia and Russia pledge commitment to oil market stability

Saudi Arabia and Russia are committed to maintaining oil market stability as world oil demand remains squeezed from the economic fallout of the coronavirus pandemic.

read more... 14/05/2020

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Daily (11.08.2020): Oil prices turned bullish on Friday due to an increase in demand

Crude oil prices surged on Friday, as an increase in demand and a decline in U.S. oil rigs boosted prices. Brent crude rose by $1.51, or 5.1%, to $30.97 a barrel. U.S. West Texas Intermediate crude futures (WTI) gained $1.19, or 5%, to $24.74 a barrel.

read more... 11/05/2020

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EU day-ahead hours dip to negative prices for Monday

Day-ahead power in several European markets dropped to negative prices for the early hours of Monday, with Belgium seeing the lowest price of EUR -4.98/MWh amid healthy wind output and low demand.

read more... 11/05/2020

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Daily (08.05.2020): German Cal’21 power contract bounced by 1.3% on Thursday in tandem with stronger coal, carbon prices

Crude oil futures declined on Thursday amid doubts about the ability of oil giants to comply with their production quotas in an attempt to stabilize the market. Moreover, worries about economic recession, sluggish demand and oversupply eclipsed a rebound in Saudi Arabia’s official crude selling and an unexpected rise in Chinese exports last month.

read more... 08/05/2020

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Daily (07.05.2020): Oil prices turned bearish again on Wednesday

Oil prices dropped on Wednesday, as a result of an oversupplied system and a persistent weak demand. Despite a recovery in prices in the last days, International benchmark Brent crude settled 4% lower at $29.72 a barrel. West Texas Intermediate, the U.S. benchmark, fell by 2.3%, or 57 cents, to settle at $23.99 a barrel.

read more... 07/05/2020

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