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Daily (09.05.2019): WTI futures rose by 1.2% on Wednesday, due to an unexpected drawdown in U.S. crude stockpiles
Despite worries over the U.S.-Chinese trade negotiations, crude oil prices added ground on Wednesday due to a surprise drawdown in U.S. crude stockpiles. Brent crude edged 0.7% higher at $70.37 a barrel, while WTI futures traded 1.2% up at $62.12 a barrel.
read more... 09/05/2019
Iraq signs 1.07-bln-USD deal with Chinese company
Iraq and a Chinese company signed on Wednesday a 1.07-billion-U.S. dollar agreement to process associated gas extracted from Iraq's southern giant Halfaya oilfield.
read more... 09/05/2019
Daily (07.05.2019): EU electricity prices spiked by nearly 30% on Monday, as cold weather lifted demand
Oil prices inched higher on Monday amid growing tensions between U.S. and Iran, paring earlier losses after President Donald Trump’s statement on a potential rise in tariffs on Chinese goods. Brent crude added 0.6% to trade at $71.24 a barrel.
read more... 07/05/2019
China Acquires 20 Percent Stake in Novatek’s Latest Arctic LNG Project
China continues to invest in Arctic natural resources as two Chinese national oil companies secure a 20 percent stake in Russia’s massive Arctic LNG 2 project.
read more... 29/04/2019
Daily (15.04.2019): Brent crude climbed by 1% on upbeat Chinese economic data and tight global supply
Oil prices added gains on Friday following a recovery in Chinese exports last month. The rising U.S. and euro zone bond yields to three-week highs and German growth forecasts also supported prices. Furthermore, involuntary cuts in Venezuela supply and Iran signaled another lift in prices. Brent crude hiked by 1% to $71.55 a barrel , while WTI futures rose by 0.5% to $63.89 a barrel.
read more... 15/04/2019