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Iran signs agreement with British consortium to develop oil

TEHRAN, Iran: Iranian state TV is reporting that Tehran has signed an agreement with a British consortium to develop an oil field in the country’s south.

read more... 17/05/2018

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Daily (17.05.2018): EU carbon prices jumped by 6% on Wednesday to the highest level since 2011

A stronger dollar and an inventory report indicating lower-than-expected U.S. crude and gasoline stocks backed oil prices on Wednesday. Brent futures futures added 85 cents, or 1.1%, to close at $79.28 a barrel. WTI crude rose by $0.18, or 0.3% to settle at $71.49 a barrel.

read more... 17/05/2018

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Daily (16.05.2018): NBP day-ahead gas contract lost 1.4% on Tuesday due to an oversupplied system

Oil prices surged on Tuesday on concerns that U.S. sanctions on Iran might limit crude exports from one of the most important producers in the Middle East. Brent futures added $0.2, or 0.3%, to close at $78.43 a barrel. WTI crude gained $0.35, or 0.5%, to end to $71.31.

read more... 16/05/2018

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Daily (15.05.2018): Brent crude jumped by 1.4% on Monday, global oil oversupply almost eliminated

Oil prices soared on Monday after OPEC declared that the global oil oversupply has been virtually eliminated. Brent crude gained $1.11, or 1.4%, to end at $78.23 a barrel. WTI futures rose $0.26, or 0.4%, to close at $70.96 a barrel.

read more... 15/05/2018

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Daily (14.05.2018): German year-ahead power price hit a new record on Friday due to bullish coal, gas and carbon markets

Oil prices declined on Friday, retreating after previous gains as U.S. allies are likely to insist in preserving an agreement with Iran, which could maintain country's crude exports on global markets. Brent crude was 35 cents, or 0.5% down at $77.12 a barrel. WTI futures lost 1% to close at $70.70 a barrel.

read more... 14/05/2018

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