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Daily (03.12.2020): Ongoing OPEC+ summit lent support to crude oil prices on Wednesday
Crude oil prices moved higher on Wednesday, as the ongoing OPEC+ negotiations boosted investors’ confidence, thus lending support to prices. Hence, Brent oil gained 1.8% to close at $48.25 a barrel and WTI crude ended 1.6% higher at $45.28 a barrel.
read more... 03/12/2020
Croatia’s first FSRU arrives at Krk island
Croatia’s first floating storage and regasification unit (FSRU) LNG Croatia has reached the terminal site on the Island of Krk.
read more... 03/12/2020
Russia's Gazprom Export begins gas supply to OMV in Germany under long-term deal
Gazprom Export has begun to supply gas to the trading arm of Austria's OMV for delivery into the German market under a new long-term contract, the Russian company said Dec. 2.
read more... 03/12/2020
Greece's PPC to spend 3.4 bln euro on power grid, renewables by 2023
The coal-reliant utility has pledged to shut down all but one of its coal-fired plants by 2023 to help Greece reduce carbon emissions in line with climate targets
read more... 03/12/2020
Daily (02.12.2020): Oil prices continued to slip on Tuesday OPEC uncertainty
Crude oil futures continued to slip on Tuesday as OPEC's decision to end a meeting on Monday without a decision on its production plans for 2021 and delay a meeting set for Tuesday until later in the week, weighed on prices. Hence, Brent crude lost 0.4% to settle at $47.42 a barrel. At the same time, U.S. WTI crude ended at $44.55 a barrel, posting a 1.7% drop day-on-day.
read more... 02/12/2020