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Daily (29.01.2020): NBP spot rose by over 2.5% on Tuesday, due to an undersupplied system
Crude oil prices edged higher on Tuesday, recovering from a five-day streak of losses, following a rally in global equity markets and on news that OPEC might extend its cuts amid fears the coronavirus could hurt oil demand.
read more... 29/01/2020
UK Regulator Hands Out Fines To Utilities OVO Energy, Telecom Plus
Ofgem on Wednesday dished out fines to OVO Energy Ltd, which recently bought SSE PLC's household energy unit, as well as to Telecom Plus PLC.
read more... 29/01/2020
Russia’s Oil Giant Lukoil Plans $100B Investment Over Ten Years
As part of a new development strategy, Lukoil plans to invest more than US$100 billion in various projects, primarily in Russia, Vagit Alekperov, the chief executive of Russia’s second-largest oil producer, told President Vladimir Putin during a meeting on Tuesday.
read more... 29/01/2020
Svante, Climeworks to jointly work on carbon capture technologies
Carbon capture experts Svante Inc of Canada and Zurich-based Climeworks AG have entered into a joint development agreement that should facilitate the quicker scale-up of their technologies.
read more... 29/01/2020
Daily (28.01.2020): Oil declined further by over 2% on increased worries about the coronavirus impact
The anxiety over the global economic impact of a deadly virus sent oil prices more than two percent lower on Monday. Brent crude for March delivery slipped $1.37, or 2.3%, to settle at $59.32 a barrel, the lowest level since Oct. 21. U.S. WTI crude ended at $53.14 a barrel, down $1.05, or 1.9%, its lowest level since Oct. 2.
read more... 28/01/2020