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Daily (12.06.2019): EU carbon prices dropped by almost 1% due to a weaker energy complex

Oil prices were flat on Tuesday, amid uncertainty regarding the agreement of Saudi Arabia and Russia to extend a crude output-cutting deal. Meanwhile, U.S.-China trade tensions continue to put pressure on demand for crude. As a result, Brent crude remained untraded at $62.29, while WTI futures edged 0.02% higher at $53.27 a barrel.

read more... 12/06/2019

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Azerbaijan increases oil production in May, fulfills OPEC obligations

Azerbaijan increased oil production from 683,000 barrels per day in April to 776,000 barrels per day in May, while the country fulfils its obligations under the OPEC + deal, Trendreports referring to the Azerbaijani Energy Ministry.

read more... 12/06/2019

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Daily (11.06.2019): NBP spot jumped by 7.2% on Monday, due to annual maintenance works in Norway

Crude oil prices fell on Monday as Russia and Saudi Arabia didn’t yet agree on extending an output cutting deal, while US-China trade negations are still far from a positive outcome. As a result, Brent crude dropped by 1.6.% to $62.29 a barrel on Friday, while WTI futures lost 1.4% to settle at $53.26 a barrel.

read more... 11/06/2019

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Shell Plans South Africa Oil Expansion With Second Deal

Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects.

read more... 30/05/2019

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Nordex unveils 350-MW US deal for 4-MW class turbines

German wind turbine maker Nordex today announced an order for 350 MW of its Delta4000 machines from an unnamed energy supplier in the US.

read more... 15/05/2019

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