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Daily (08.05.2019): EUAs rebounded by over 4% on Tuesday, on expectations for a tighter market

Oil prices lost ground on Tuesday, due to returning concerns over global growth raised by ongoing complications in the U.S.-China trade talks. Expectations for rising U.S. crude production and stockpiles put more pressure on prices. Consequently, the Brent crude price dropped by 1.9% to $69.88 a barrel.

read more... 08/05/2019

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BP sanctions Thunder Horse South expansion phase 2 project

Oil and gas giant BP said that it will move ahead with the Thunder Horse South expansion phase 2 project in the US Gulf of Mexico to draw an additional 50,000 gross barrels of oil equivalent per day (boe/d) from the Thunder Horse oil field.

read more... 08/05/2019

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Navarre govt greenlights 111-MW Cavar wind complex

The government of the Spanish region of Navarre on Monday rubber-stamped the approval of the construction of four wind farms totalling 111 MW in the municipalities of Cadreita and Valtierra.

read more... 08/05/2019

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Romania's Transgaz to start works on Black Sea - Podisor gas pipeline project

Romanian gas transmission company Transgaz said it has obtained the right to start the works for construction of a pipeline linking the country's Black Sea shore to the national transmission system and BRUA - the pipeline running from Bulgaria to Romania, Hungary and Austria.

read more... 08/05/2019

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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

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