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Daily (01.08.2019): NBP spot soared by over 5% on Wednesday, amid lower supply and stronger buying interest

A larger-than-anticipated decline in the U.S. crude inventories led to a further rise in crude oil prices on Tuesday. Furthermore, the interest rates were eventually lowered by the U.S. Federal Reserve, adding to the bullish market sentiment. Brent crude traded 0.7% higher at $65.17 a barrel, while WTI futures nudged up by 0.9% to $58.58 a barrel, as gains were reduced by waning hopes for an upcoming U.S.-China trade deal, as the negotiators postponed their next meeting until September.

read more... 01/08/2019


Daily (30.07.2019): NBP spot dropped by 2.4% on Monday, due to stronger Norwegian flows and weak demand

Crude oil prices inched up on Monday, amid expectations that U.S. Federal Reserve might lower the borrowing costs this week for the first time in over a decade. Ongoing supply concerns around the Strait of Hormuz also supported prices. Still, on demand side, reduced hopes for a trade deal between the U.S. and China before the 2020 U.S. election, limited gains. As a result, Brent crude traded 0.4% higher at $63.71 a barrel, while WTI futures climbed by 1.2% to $56.87 a barrel.

read more... 30/07/2019


Russia offers Ukraine short-term gas deal

Russian energy minister Aleksander Novak has said that Russia has offered Ukraine the opportunity to extend an existing gas transit agreement to the end of 2021.

read more... 29/07/2019


Wartsila wins 100MW Asia storage deal

The system will support the grid as renewables are added

read more... 26/07/2019


Nigeria, Siemens Seal Deal to Deliver 11,000MW in 2023

President Muhammadu Buhari and the global Chief Executive Officer of a German company, Siemens AG, Joe Kaeser, yesterday signed an agreement to nearly triple Nigeria’s electricity generation from the average 4,000 megawatts to 11,000 megawatts in 2023.

read more... 23/07/2019