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Daily (02.08.2019): Oil prices plunged by over 7% on Thursday, as Donald Trump announced an extra 10% tariff on Chinese goods
Crude oil prices plummeted on Thursday to its lowest levels in about seven weeks, as U.S. President Donald Trump plans to implement an additional 10% tariff on Chinese imports from the September 1 of this year. Consequently, Brent crude traded 7.2% lower at $60.50 a barrel, while WTI futures declined by 7.9% to $53.95 a barrel.
read more... 02/08/2019
EU approves Croatia’s support for £213m Krk LNG terminal
The Commission says Croatia’s support for the Krk LNG terminal is in line with EU State aid rules and the project will help diversify energy supplies.
read more... 02/08/2019
France hits solar record of 1.44 TWh in June, wind grows 36% year on year
France reached a solar power generation record of 1.44 TWh in June 2019 as it enjoyed a lot of sunshine, and the country also saw wind power generation jump by 36% year-on-year to 1.86 TWh with the help of Hurricane Miguel.
read more... 02/08/2019
Azerbaijani gas supplies to Turkey increase significantly
According to AzerNews, Azerbaijan and Turkey continue to expand their economic and trade cooperation. The figures for Azerbaijani exports to Turkey show noticeable growth and this strengthens ties between the 2 states.
read more... 02/08/2019
Daily (01.08.2019): NBP spot soared by over 5% on Wednesday, amid lower supply and stronger buying interest
A larger-than-anticipated decline in the U.S. crude inventories led to a further rise in crude oil prices on Tuesday. Furthermore, the interest rates were eventually lowered by the U.S. Federal Reserve, adding to the bullish market sentiment. Brent crude traded 0.7% higher at $65.17 a barrel, while WTI futures nudged up by 0.9% to $58.58 a barrel, as gains were reduced by waning hopes for an upcoming U.S.-China trade deal, as the negotiators postponed their next meeting until September.
read more... 01/08/2019