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Daily (21.06.2019): Brent crude price jumped by 4.3% due to a potential military conflict between US and Iran
Oil prices surged on Thursday on worries about a conflict between Washington and Teheran, after Iran shot down a U.S. military drone. Prices were also backed by expectations that Fed would cut interest rates and U.S inventories would weaken. Brent crude rose by 4.3%, or $2.63, to $64.45 a barrel. At the same time, WTI futures added $3.31, or 6.2% to end at $57.07 a barrel.
read more... 21/06/2019
Siemens Gamesa turbines picked for 455-MW offshore wind project in Japan
Siemens Gamesa Renewable Energy SA has been selected as the preferred supplier of turbines for an up to 455-MW offshore wind project in Japanese waters off the coast of Akita prefecture, the company announced on Wednesday.
read more... 21/06/2019
Poland offers assistance with gas transit via Ukraine
Polish Government's Plenipotentiary for Strategic Energy Infrastructure Piotr Naimski says Poland is ready to launch a gas pipeline with the capacity of 2 billion cu m (bcm), which will link the Polish gas transportation system (GTS) with the Ukrainian one in Hermanowice, Ukrainian UNIAN reported.
read more... 21/06/2019
Lundin makes two oil discoveries near Edvard Grieg field offshore Norway
Lundin Petroleum has confirmed more oil reserves in the PL338 license on the Utsira High on the Norwegian continental shelf through the drilling of the 16/1-31 S (Jorvik) and (16/1-31 A) Tellus East exploration wells.
read more... 21/06/2019
Daily (20.06.2019): NBP spot tumbled by more than 10% on forecasts for stronger LNG supply and warmer weather
Calmer U.S equity markets led to a decline in oil prices on Wednesday. Brent crude ended 32 cents, or 0.5%, down at $61.82 a barrel. Meanwhile, WTI futures lost $0.14, or 0.3%, to close at $53.76 a barrel.
read more... 20/06/2019