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Daily (21.11.2019): The 3.3% hike in WTI crude due to a lower-than-predicted growth in U.S crude inventories lent support to the entire energy complex

Oil prices increased on Wednesday following a report indicating that U.S crude inventories rose lower than expected. Moreover, Russia promised to continue its cooperation with OPEC to maintain a balanced oil market. Brent crude jumped by 2.5% to $62.40 a barrel. WTI crude climbed by 3.3% to $57.01 a barrel.

read more... 21/11/2019

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Polish state company among prospective bidders for Exxon’s Black Sea operations in RO

Polish state-owned oil and gas group PGNiG is among the prospective bidders interested in US group ExxonMobil’s 50% stake in the Neptun Deep offshore perimeter, in Romania’s Black Sea, G4Media.ro informs.

read more... 21/11/2019

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World's largest green-hydrogen plant begins operation in Austria

The world’s largest green-hydrogen production facility has commenced operations in Austria, “setting an international milestone in the advancement of new energy supply options”, according to the project partners.

read more... 19/11/2019

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BP: Total production from Azeri-Chirag-Gunashi oil field exceeded 3,6 billion barrels

A total of 3,6 billion tons of oil has been produced since the commissioning of operation of Azeri-Chirag-Gunashli (ACG) fields, according to BP.

read more... 14/11/2019

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Romania gives Lukoil Overseas green light to start drilling Trident perimeter in Black Sea

According to Seenews, Romania has given Lukoil Overseas Atash, a Dutch subsidiary of Russia's Lukoil, the green light to start drilling the Trident perimeter of the Romanian waters of the Black Sea, said the regulatory authority for offshore oil operations, ACROPO.

read more... 31/10/2019

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