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Daily (27.05.2019): Brent crude recovered by 1.4% on Friday, posting however its biggest loss of 2019

Crude oil prices rose on Friday due to the long US and UK holiday weekends, offsetting concerns about rising inventories and weak global demand. As a result, Brent crude climbed by 1.4% to $68.69 a barrel on Friday, while WTI futures added 1.2% to settle at $58.63 a barrel.

read more... 27/05/2019

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Scatec Solar brings on MT Energy for 485 MW solar projects in Vietnam

Norway-based Scatec Solar has partnered with MT Energy, a Vietnamese energy company, to develop, finance, construct and operate large-scale solar projects in Vietnam.

read more... 27/05/2019

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Novatek to Launch its Third LNG in 2022

On May 21, Novatek announced that its third major LNG plant in the Yamal-Nenets Autonomous District will be launched in 2022. The final investment decision is to be reached later this year.

read more... 27/05/2019

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Albania's Q1 power output falls

Albania's electricity production decreased to 1,281 GWh in the first quarter of 2019 from 3,213 GWh a year earlier, the country's statistical office said on Friday.

read more... 27/05/2019

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Daily (24.05.2019): WTI futures slumped by 5.7% on Thursday, amid growing U.S.-China trade concerns

Crude oil prices plunged on Thursday, heading for a 6-month low, weighed by fears that the prolonged trade dispute between U.S. and China is turning into a technology cold war, or a threat to the global economic growth. Weaker U.S. data, swelling U.S. crude inventories and softer global demand outlook due to the easing U.S.-Iran tensions put more pressure on prices. WTI futures plummeted by 5.7% to 57.91 USD/bbl, while Brent crude price dipped by 4.6% to 67.76 USD/bbl.

read more... 24/05/2019

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