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Daily (15.05.2019): Brent crude rose by 1.4% on Tuesday, after a drone attack on a Saudi Arabia oil firm
Crude oil prices soared on Tuesday, after the attack of the Yemeni explosive-charged drones on Saudi Arabia’s oil firm, Aramco, which shortly halted pumping. However, production and oil exports continued without disruption. Meanwhile, China-US trade negotiations are still not settled. As a result, Brent crude rose by 1.4% to $71.24 a barrel, while WTI futures traded 1.2% higher at $61.78 a barrel.
read more... 15/05/2019
Russia’s Novatek could almost triple Vysotsk LNG capacity
Russia’s Novatek, the operator and developer of two giant Arctic LNG export projects, may significantly increase output at its medium-scale liquefied natural gas export plant in Russia’s Baltic Sea port of Vysotsk.
read more... 14/05/2019
Russia to Cut Crude Oil Production
Russia’s oil output will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues.
read more... 07/05/2019
Daily (30.04.2019): NBP spot rose by 1.5% on Monday amid increasing demand
Oil prices slightly diverged on Monday. WTI futures added 0.3% to close at $63.50 a barrel, resuming their last week’s rally due to unclear details of President Trump’s comments on Friday about his call on OPEC to raise production. Meanwhile, Brent crude edged 0.2% down at $72.04 a barrel, as losses were limited by concerns over a tight global oil supply driven by ongoing OPEC-led production cuts coupled with U.S. sanctions on Venezuelan and Iranian oil exports.
read more... 30/04/2019
Daily (19.04.2019): NBP spot tumbled by 7.5% on Thursday due to weaker demand ahead of Easter holidays
The prospects of a tighter supply due to reduced crude exports from Saudi Arabia coupled with lower oil inventories and fewer active rigs in the U.S. led to a rise in crude oil prices on Thursday. A stronger dollar lent more support to prices. As a result, Brent crude traded 0.5% higher at $71.97 a barrel. In the meantime, WTI futures gained 0.4% to close at $64.00 a barrel.
read more... 19/04/2019