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Daily (06.09.2019): NBP spot soared by 7.7% on Thursday, on expectations for higher demand
Crude oil prices remained bullish on Thursday following a larger-than-expected fall in the U.S. crude stockpiles reported for last week. Meanwhile, slowing global economic growth and weaker hopes for an upcoming trade agreement between China and the U.S. tempered the rise. Brent crude advanced by 0.4% to $60.95 a barrel, while WTI futures edged 0.1% higher at $56.30 a barrel.
read more... 06/09/2019
Germany to start closing black coal plants in 2020 - draft law
Germany plans to shut down its first power plants that use black coal in 2020, a draft law seen by Reuters on Thursday showed, as part of a planned phase-out of coal by 2038 expected to cost at least 40 billion euros ($44 billion).
read more... 06/09/2019
Russia’s Rosneft to build up its own LNG project
Russia’s oil and gas company, Rosneft and its Sakhalin-1 partners have decided to go ahead with their Far East LNG project.
read more... 06/09/2019
Spain's Powertis develops 765 MW of PV projects in Brazil
Powertis SA, a Madrid-based developer of large-scale photovoltaic (PV) projects in Europe and Latin America, is working on a portfolio of 765 MW of solar power capacity to be installed in the Brazilian states of Minas Gerais and Sao Paulo.
read more... 06/09/2019
Daily (05.09.2019): Oil prices jumped by over 4%amid upbeat economic data from China and forecasts for weaker US inventories
Oil prices hiked on Wednesday as optimistic economic data from China brought purchasers back to the equities market. Moreover, expectations for a drop in US crude inventories for the third consecutive week also lent support to prices. Brent crude added 4.2% to close at $60.70 a barrel. WTI futures surged by 4.3% to end at $56.26 a barrel.
read more... 05/09/2019