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Daily (05.03.2020): Brent down 1.4% on Wednesday as Russia resists to OPEC calls for drastic oil cuts

Crude oil futures fell on Wednesday after Russia opposed Saudi Arabia’s plans requesting OPEC+ deeper oil production cuts in order to offset an eroding demand due to the coronavirus outbreak.

read more... 05/03/2020

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Daily (03.03.2020): Strong gains in oil prices on Monday, on optimism for OPEC further output cuts

Crude oil futures recorded strong gains on Monday, as central banks promised to protect financial markets from the impact of the coronavirus. Moreover, Russia announced its willingness to cooperate with Opec+ partners to support the world oil market.

read more... 03/03/2020

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Bulgaria agrees 40% price cut of Russian gas imports

Bulgaria has agreed 40% cut in the price of natural gas it imports under its long-term import contract with Russia, its dominant gas supplier, Prime Minister Boyko Borissov said on Tuesday.

read more... 03/03/2020

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Russia beating US in LNG price war

Russian LNG’s low price point is putting pressure on its competitors in the European LNG import market, attendees heard at the S&P Global Platts London Oil and Energy Forum yesterday.

read more... 26/02/2020

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Daily (20.02.2020): Oil prices soared by more than 2% due to U.S. sanctions on Rosneft, tensions in Libya, coronavirus cases receding

Oil prices soared by more than 2% on Wednesday, supported by a slowdown in the spread of the coronavirus, U.S. sanctions against the Russian black gold giant Rosneft and the unrest in Libya. Brent crude for April delivery rose by $1.37, or 2.4% to settle at $59.12 a barrel. U.S. WTI crude ended at $53.29, gaining $1.24, or 2.4%.

read more... 20/02/2020

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