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Daily (23.09.2022): Crude oil prices rebounded on Thursday amid strengthening Chinese demand
Crude oil prices rebounded on Thursday amid strengthening Chinese demand and a smaller-than-expected rate hike by the Bank of England, which instead of forecasts for a 75-basis point hike opted for a 50-bp increase. Thus, Brent crude and WTI crude added 0.7% to settle at $90.46 a barrel and $83.49 per barrel respectively.
read more... 23/09/2022
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Germany weighs nationalising gas importer Sefe
Germany is looking at nationalising gas importer Sefe, previously Gazprom Germania, to protect it from bankruptcy, two sources familiar with the matter said on Thursday, a day after Berlin moved to nationalise top gas importer Uniper
read more... 23/09/2022
Daily (21.09.2022): NBP gas prices recovered on Tuesday amid cold weather forecasts
On Tuesday, oil prices were bearish, following a decline in other risk assets. The dollar remained strong and investors anticipated further interest rate increases from central banks in order to reduce inflation. As such, Brent crude settled 1.5% lower at $90.62 a barrel. WTI crude decreased by 2.1% to $83.94.
read more... 21/09/2022
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EU ban on Russian coal imports to take effect after transition ends
European Union (EU) member states will not be allowed to import any more coal from Russia after the transitional period for the bloc's embargo ends at midnight on Wednesday.
read more... 11/08/2022
Equinor's UK Rosebank investment to reach $5.2 billion
Equinor's Rosebank oil and gas field in the British North Sea will require capital expenditure of about 4.3 billion pounds ($5.22 billion), Equinor's UK upstream chief Arne Guertner told Reuters on Friday.
read more... 08/08/2022