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Daily: Crude oil prices continue the 2-week decline amid refined oil glut lingering concerns
Crude oil prices continued to decline on Monday amid lingering concerns over a global supply glut and weakening demand dragging prices to their lowest settlement in roughly two months. Oil was also under pressure after Goldman Sachs said in a research report that oil prices could go "sharply lower" as storage tanks hit capacity, predicting the oil market would not balance itself in 2016. Brent crude fell 45 cents, or almost 1 percent, to settle at $47.54 a barrel. U.S. crude eased 62 cents, or 1.4 percent, to end at $43.98. Both crude benchmarks have declined by 10 percent over the past two weeks.
read more... 27/10/2015
Ukraine accumulates 15.8 bcm of gas in reserves
Ukraine has collected 15.8 billion cubic metres (bcm) of gas in underground storage as of Monday, ten days before the heating season, as stated by gas transport monopoly Ukrtransgaz.
read more... 06/10/2015
BASF finalizes asset switch with Gazprom
BASF has exchanged assets with Gazprom which will give the German firm access to Western Siberia projects while the Russian company will obtain gas storage facility in Europe.
read more... 02/10/2015
Daily: Crude oil prices down 3% amid tumbling equities on Wall Street
Crude oil prices lost nearly by 3 percent on Monday, dragged down by declining equities on Wall Street and pessimistic economic data, even if an expected drawdown in crude inventories at the main U.S. storage hub was likely to curb losses. WTI crude fell 2.8 percent to settle at $44.43 a barrel. Brent crude futures shed $1.18, or 2.5 percent to close $48 a barrel.
read more... 29/09/2015
Germany: RWE’s power-to-gas plant opens
RWE’s power-to-gas plant has officially been opened in Ibbenbüren, Germany. It is an energy storage technology which connects the supply of local power, natural gas and district heating.
read more... 19/08/2015