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Daily (02.10.2019): Brent crude dipped by over 3% on Tuesday, on fears of weakening crude demand
Crude oil prices continued their downward evolution on Tuesday, following the news that U.S. factory data dropped to an over 10-year low in September due to fewer exports in the context of the U.S.-China trade tensions. A subsequent fall in equities market put more pressure on prices. Pessimistic manufacturing and inflation data in the Euro zone also weighed on the market. On the supply side, the declines in oil output from OPEC, Russia and the U.S. could prevent further losses. Brent crude tumbled by 3.1% to $58.89 a barrel. WTI futures traded 0.8% lower at $53.62 a barrel.
read more... 02/10/2019
Bulgarian nuclear regulator extends licence of NPP Kozloduy Unit 6
Bulgaria's nuclear regulator granted a ten-year extension of the operational licence of the 1,000-megawatt Unit 6 of the country's sole nuclear power plant (NPP) Kozloduy, he country's energy ministry said on Tuesday.
read more... 02/10/2019
PGNiG gets nod to drill its second operated well in Norway
PGNiG’s subsidiary PGNiG Upstream Norway AS will drill the well 6507/5-9 A using the Deepsea Nordkapp semi-submersible drilling rig. The well is located in the production license 838, southeast of the Skarv field.
read more... 02/10/2019
Vestas unveils 1,316 MW of US orders
In the last day of September Denmark’s Vestas Wind Systems A/S announced five wind turbine supply contracts in the US for a total capacity of 1,316 MW.
read more... 02/10/2019
World’s largest wind turbines to be built on artificial island off Yorkshire coast
Britain’s homes are set to be powered by the world’s largest wind turbines towering 853ft tall with blades that extend 351ft.
read more... 01/10/2019