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Daily: Oil skyrockets at highest level in 18 months on non-OPEC deal
Crude oil prices skyrocketed to an 18-month high on Monday after OPEC and some of its rivals inked their first deal since 2001 to jointly cut output to fight against the global oversupply. On Saturday, producers from non-OPEC, led by Russia, agreed to slash output by 558,000 barrels per day, short of the target of 600,000 bpd but still the largest non-OPEC contribution ever. Brent crude futures rallied $1.36 to settle at $55.69 per barrel, a 2.5 percent rise, after hitting a session peak of $57.89, the highest since July 2015. The U.S. WTI rose by $1.33 to end at $52.83 a barrel, a 2.6 percent gain, though that was sharply off the day's highs.
read more... 13/12/2016
EU parliament postpone the vote on ETS reform until December 15
The European lawmakers postponed the vote on the EU's Emissions Trading System (ETS) reform until December 15.
read more... 06/12/2016
Daily: Brent rockets over 6% after OPEC output deal
Crude oil prices soared 5 percent on Thursday, with Brent crude at its highest level in about 16 months, prolonging gains after OPEC and Russia agreed to reduce output to fight against the global oversupply. Benchmark Brent futures rallied 6.88 percent or $3.47 higher at $53.94. Earlier in the session, prices climbed at $54.53 a barrel, the highest level since July 27, 2015. U.S. crude closed the session at $51.06, up $1.62 or 3.3 percent on the day. Its session high was $51.80 a barrel, 13 cents below its 2016 high.
read more... 02/12/2016
Southern Gas Corridor will increase $1.8 billion abroad in 2017
Azeri firm Southern Gas Corridor intends to increase approximately $1.8 billion on international financial markets in 2017, as stated by Azeri Finance Minister Samir Sharifov on Wednesday.
read more... 01/12/2016
Centrica decided to vend Trinidad and Tobago gas assets to Shell
British utility Centrica declared on Wednesday it has settled to vend its gas assets in Trindad and Tobago for $30 million to Royal Dutch Shell.
read more... 01/12/2016