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Daily (11.06.2019): NBP spot jumped by 7.2% on Monday, due to annual maintenance works in Norway
Crude oil prices fell on Monday as Russia and Saudi Arabia didn’t yet agree on extending an output cutting deal, while US-China trade negations are still far from a positive outcome. As a result, Brent crude dropped by 1.6.% to $62.29 a barrel on Friday, while WTI futures lost 1.4% to settle at $53.26 a barrel.
read more... 11/06/2019
Daily (10.06.2019): Oil prices climbed by over 2.5% on Friday, due to low rig counts and OPEC-led supply cuts extension
Oil prices rebounded on Friday, as U.S. recorded the lowest oil rig count in six months and energy firms focus more on earning growth instead of increasing output. Moreover, oil prices were supported by Saudi Arabia claims that OPEC is close to agreeing a further extension of supply cuts. As a result, Brent crude settled 2.5% up at 63.29$ a barrel, while WTI futures climbed by 2.7% to 53.99$ a barrel.
read more... 10/06/2019
Wind produces 22.6% of Spain’s power in May
Wind power had a 22.6% share in Spain’s generation mix by producing 4,655 GWh in May, according to estimates provided by Spanish grid operator Red Electrica de Espana.
read more... 10/06/2019
Gazprom Neft, Shell to create JV to develop license blocks in Yamal
Total reserves in place at fields to be owned by the Meretoyakhaneftegaz JV will be nearly 1.1 billion tonnes of oil
read more... 10/06/2019
Total Eren announced financial closing of 256 MW PV project in Australia
French Independent Power Producer (IPP) Total Eren SA announced the financial close for its »Kiamal« solar farm with the support of a group of Australian and European financial institutions, namely ANZ (Australia), ING (Netherlands) and Natixis (France).
read more... 10/06/2019