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Ukrainian Naftogaz to cut gas prices for industry by almost 8% from June 1

According to UNIAN, Naftogaz of Ukraine will cut the minimum prices of natural gas for industrial consumers from June 1, 2019, by 7.9%, from UAH 7,558 ($287) per 1,000 cu m in May 2019 to UAH 6,963.6 ($264).

read more... 28/05/2019

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Daily (27.05.2019): Brent crude recovered by 1.4% on Friday, posting however its biggest loss of 2019

Crude oil prices rose on Friday due to the long US and UK holiday weekends, offsetting concerns about rising inventories and weak global demand. As a result, Brent crude climbed by 1.4% to $68.69 a barrel on Friday, while WTI futures added 1.2% to settle at $58.63 a barrel.

read more... 27/05/2019

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Daily (24.05.2019): WTI futures slumped by 5.7% on Thursday, amid growing U.S.-China trade concerns

Crude oil prices plunged on Thursday, heading for a 6-month low, weighed by fears that the prolonged trade dispute between U.S. and China is turning into a technology cold war, or a threat to the global economic growth. Weaker U.S. data, swelling U.S. crude inventories and softer global demand outlook due to the easing U.S.-Iran tensions put more pressure on prices. WTI futures plummeted by 5.7% to 57.91 USD/bbl, while Brent crude price dipped by 4.6% to 67.76 USD/bbl.

read more... 24/05/2019

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Daily (23.05.2019): European carbon prices spiked by nearly 4% on Wednesday, on looming tight supply and higher gas prices

Crude oil prices dropped on Wednesday, after data showed that U.S. crude inventories surged unexpectedly amplifying concerns over a weaker oil demand raised by the lengthy U.S.-China tariff dispute. WTI futures closed 2.7% lower at 61.42 USD/bbl, in tandem with falling equities. On the other side, rising tensions between Washington and Iran coupled with OPEC’s intentions to continue output cuts helped limit the fall in prices. As a result, Brent crude price dropped by 1.7% to 70.99 USD/bbl.

read more... 23/05/2019

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Daily (22.05.2019): NBP spot ended down by nearly 3% on Tuesday due to higher Norwegian flows

The outlook of a tighter supply fuelled by the growing tensions in the Middle East and OPEC’s constant commitment to cut output supported oil prices on Tuesday. Meanwhile, gains were capped by the lengthy U.S.-China trade dispute and its bearish impact on the global economic growth. Brent crude price edged higher by 0.3% to 72.18 USD/bbl, while WTI futures were only 0.1% up at 63.13 USD/bbl.

read more... 22/05/2019

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