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Daily (05.11.2019): European spot power prices recovered by over 50% on Monday due to rising demand after a bank holiday

Crude oil prices continued their bullish trend on Monday, as the upbeat U.S. job growth data and market optimism over a potential preliminary trade deal between the U.S. and China this month improved the global crude demand outlook. As a result, Brent crude was 0.7% higher at $62.13 a barrel, while WTI futures moved 0.6% up to $56.54 a barrel.

read more... 05/11/2019


Daily (04.11.2019): NBP spot surged by 25.5% on Friday due to lower Norwegian flows and an expected spike in heating demand

Crude oil prices posted robust gains on Friday, stimulated by higher-than-expected U.S. employment data in October and optimism that Chinese factory activity expanded at the fastest rate since 2017. On trade talks side, the U.S. and China are moving closer towards a Phase One trade deal, which might be signed this month. That bullish background sent WTI futures 3.7% up at $56.20 a barrel, while Brent crude hiked by 2.4% to $61.69 a barrel.

read more... 04/11/2019


Russia's VEB signs deal to build 2 bln euro refinery in Morocco -report

Russian state development bank VEB signed a deal on Wednesday to build a 2 billion euro ($2.2 billion) oil refinery in Morocco, the north African country’s state news agency MAP said.

read more... 24/10/2019


Daily (22.10.2019): NBP spot turned bearish to plunge by 17.8% on Monday, on rising flows via the Langeled pipeline

Crude oil prices traded lower on Monday, as the U.S. commerce secretary said that an initial China-U.S. trade deal does not need to be finalized next month, stoking concerns over global economic growth. Reports showing that Russia oil output surpassed OPEC+ quota also weighed on prices. However, slighlty higher European shares due to a potential optimistic Brexit deal limited losses. Hence, WTI futures fell by 0.9% to $53.31 a barrel, while Brent crude edged 0.8% down at $58.96 a barrel.

read more... 22/10/2019


Siemens Gamesa signs deals for 359MW of new wind energy in Chile

Siemens Gamesa has signed deals for 359MW of new wind energy capacity in Chile.

read more... 21/10/2019