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Daily (21.05.2019): European spot power prices soared by around 16% due to firmer consumption

Oil prices diverged on Monday. OPEC’s intention to maintain output cuts coupled with the escalating tensions in the Middle East sent WTI futures up by 0.5% at 63.10 USD/bbl. Meanwhile, Brent crude lost 0.3% to settle at 71.97 USD/bbl, influenced by the high level of global crude oil inventories.

read more... 21/05/2019

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Gazprom discovers 2 new fields containing over 500 billion cu m of gas on Yamal shelf

The Federal Agency for Mineral Resources approved the expert opinions of the State Reserves Commission with regard to the discovery by Gazprom of new hydrocarbon fields on the shelf of the Yamal Peninsula, namely the Dinkov and Nyarmeyskoye fields.

read more... 21/05/2019

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Vestas gets 249-MW turbine order for Texas project from EDF Renewables

EDF Renewables has ordered more turbines from Vestas Wind Systems A/S for the 273-MW Las Majadas wind project in Texas, the supplier announced today.

read more... 21/05/2019

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Portugal books LNG cargo from Trinidad and Tobago

REN-operated Sines LNG import terminal in Portugal is set to receive a cargo of liquefied natural gas from Trinidad & Tobago at the end of the week.

read more... 21/05/2019

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Daily (20.05.2019): NBP spot price slumped by 7.5% on Friday amid system oversupply

Oil prices lost momentum on Friday, weighed by persistent concerns over a weakening demand because of the stalemate in the U.S.-China trade negotiations. However, the decline in the Iranian and Russian exports along with reduced shipments from the North Sea capped losses. As a result, Brent crude retreated by 0.6% to 72.21 USD/bbl. In the meantime, WTI Crude price slipped by 0.2% to 62.76 USD/bbl.

read more... 20/05/2019

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