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Daily (21.03.2017): European spot power prices skyrocket over 50% on stronger demand, tight supply
Crude oil prices lost ground on Monday despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to be worried about increasing U.S. oil output and high inventories.
read more... 21/03/2017
Gazprom’s clients to be able to renegotiate natural gas prices
Gazprom has promised to allow its clients to renegotiate gas prices if they do not correspond to the Western Europe market average rates. The statement was made by Ricardo Cardoso in an interview for the Bulgarian National Radio.
read more... 20/03/2017
Mediterranean's Levant Basin to be explored by Total, Eni, Exxon Mobil and Qatar Petroleum
France's Total, Italy's Eni, Exxon Mobil and Qatar Petroleum received the green light from Cyprus's lawmakers to explore for oil and gas the offshore areas south of the island.
read more... 20/03/2017
France's Total interested in $4 bln Iranian gas project
France-based oil and gas company Total is eyeing a 50% stake in the $4 billion project in Iran's giant South Pars gas field.
read more... 20/03/2017
Daily (20.03.2017): European year-ahead power prices diverge on lower carbon, stronger coal prices
Crude oil prices were mainly flat on Friday, posting minor gains for the week, but speculators considerably cut long positions on worries that an OPEC production reduction was failing to slash a global supply glut.
read more... 20/03/2017