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Daily (21.12.2018): Oil prices sank to 15-month lows on Thursday, on global oversupply and a hike in interest rates
Oil crude prices were strongly bearish on Thursday on concerns over global oversupply and following another hike in U.S. interest rates, which weighed down on stock markets. The price for Brent tumbled by 5.1% to $54.35 a barrel, or a 15-month low. WTI crude was 4.8% down at $45.88 a barrel.
read more... 21/12/2018
Snam, Enagas and Fluxys close acquisition of DESFA
The European consortium formed by Snam (60%), Enagás (20%) and Fluxys (20%) today completed the acquisition of a 66% stake in DESFA, the operator of Greek natural gas transport network, to the Assets Development Fund of the Republic Hellenic (HRADF) and Hellenic Petroleum, for an amount of €535 million.
read more... 20/12/2018
Transgaz gets EUR 50 million EIB loan to build a new pipeline for Black Sea gas
The European Investment Bank (EIB) will award EUR 50 million to finance a new pipeline to connect Romania’s natural gas resources in the Black Sea shore with the national gas transport network as well as the BRUA corridor, according to a statement by the Economy Ministry.
read more... 18/12/2018
Daily (17.12.2018): EUA’s hiked by 4.6% on Friday, or around 15% increase week-on-week.
Oil prices shed on Friday, after data indicated a lower-than-forecasted demand for crude in China and weaker stock markets. Brent crude lost 1.9% to $60.28 a barrel. Meanwhile, WTI crude tumbled by 2.6% to $51.20 a barrel.
read more... 17/12/2018
Poland’s PGNiG gets another US spot LNG cargo
Polish Oil and Gas Company (PGNiG) will receive another spot cargo of U.S. liquefied natural gas (LNG) on Thursday.
read more... 14/12/2018