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Daily (16.01.2018): Brent crude settled close to a 3-year peak above $70 a barrel on tightening supplies

Oil prices jumped to near a three-year peak above $70 a barrel on Monday on signs that output reductions by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production.

read more... 16/01/2018

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Daily (12.01.2018): Oil prices at 3-year peaks on Thursday due to U.S. tightening supply

Oil prices settled at three-year highs on Thursday on signs of tightening supply in the United States.

read more... 12/01/2018

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Daily (07.12.2017): WTI crude futures dipped by 2.9% on higher U.S. inventories of refined products

Oil prices slumped on Wednesday after an unexpected increase in U.S. inventories of refined products that suggested demand might be weakening. Brent crude futures were down $1.64, or 2.6%, at $61.22 a barrel, after reaching a session peak of $62.93. Meanwhile U.S. crude futures dropped $1.66, or 2.9%, to close at $55.96.

read more... 07/12/2017

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Russian Novatek and Japanese partner companies agreed on creating LNG hub

Russian company Novatek as well as Japan firms Marubeni and Mitsui O.S.K. Lines inked a trilateral memorandum of understanding (MOU) to open a liquefied natural gas (LNG) hub situated in Russia's Kamchatka region.

read more... 29/11/2017

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Daily (24.11.2017): UK spot gas prices hit a peak of almost 10 months on Thursday

Oil prices hit a two-year peak on Thursday as the shutdown of a major crude pipeline from Canada and a draw on fuel inventories pointed to a tightening market, despite increasing production from U.S. producers. Brent crude settled 23 cents, or 0.4%, higher at $63.55 per barrel. West Texas Intermediate crude was up 53 cents, or 0.9%, at $58.55 per barrel

read more... 24/11/2017

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