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Daily (08.08.2017): UK prompt wholesale gas prices jumped by 4% on Monday due to Hornsea’s outage
Oil prices were slightly bearish on Monday, retreating from 9-week highs. According to traders, the market is looking for a statement, confirming that the OPEC will meet its agreed target, the possibility for price movement seems limited. Also, U.S. weekly oil production hit the highest value since August 2015 pushing down the prices. Brent crude dropped by 0.1% to close at $52.37 a barrel, while WTI price fell by almost 0.38% to close at $49.39 a barrel.
read more... 08/08/2017
Siemens Gamesa to provide 27 wind turbines in Germany
Siemens Gamesa will supply four onshore German projects with wind turbines. The contract signed by the company stipulates that the four projects that will benefit from the wind turbines will provide electricity to around 80,000 households.
read more... 08/08/2017
Ukraine to receive 700,000 metric tons of coal from the U.S.
Ukraine signed for the first time an agreement with the United States, which will supply the nation with around 700,000 metric tons of coal by the end of this year, in a move to reduce its dependence on Russian energy.
read more... 07/08/2017
Daily (04.08.2017): UK wholesale gas prices rose by 1.5% on Thursday on extended Kollsnes’ outage
Oil prices fell on Thursday, pushed down by high OPEC supplies. Yet traders consider, that the oil industry has adapted to “low prices era” and can produce and operate at price levels that previously would have been uneconomic. Brent crude tumbled by almost 0.7% to close at $52.01 a barrel, while WTI price decreased by 1.13% to close at $49.03 a barrel.
read more... 04/08/2017
Daily (03.08.2017): European carbon contracts grew by 2.4% to 2-weeks high on Wednesday.
Oil prices were bullish on Wednesday. Crude inventories in the US fell about half the decline EIA analysts had expected and strong refinery runs continued to boost demand for crude, supporting the prices. Brent crude jumped by 1.12% to close at $52.36 a barrel, while WTI price rose by almost 0.9% to close at $49.59 a barrel.
read more... 03/08/2017