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Daily (31.05.2019): Oil prices fell on Thursday to a two-months low, due to high crude inventories and global economic concerns
Crude oil prices fell on Thursday to two-months low, due to a smaller-than-expected decline in U.S. crude inventories and concerns over a global economic downturn influenced by the China-US trade war. Brent crude plunged by 3.7% to $66.87 a barrel, while WTI futures settled 3.8% down at $56.59 a barrel.
read more... 31/05/2019
Enlight acquires 113MW Swedish masterpiece
Israel-based renewables developer Enlight has signed agreements to acquire, invest in and construct a 113MW wind farm in Sweden, which is ready to build.
read more... 31/05/2019
Russia to deliver Power of Siberia gas from Dec.1
Russia aims to deliver natural gas to China via the Power of Siberia pipeline from Dec. 1, Deputy Chairman of the company Vitaly Markelov said late Tuesday.
read more... 31/05/2019
UK Oil Production Up 9% In First Quarter
The UK’s crude and natural gas liquids (NGL) production increased by 9 percent annually to reach 1.18 million bpd in the first quarter of 2019, S&P Global Platts quoted statistics from the UK Department of Business, Energy & Industrial Strategy as showing on Thursday.
read more... 31/05/2019
Daily (30.05.2019): German spot power price plummeted by over 61% ahead of holidays due to lower demand in the region
Crude oil prices declined on Wednesday, as China claims to put further pressure on the trade war with the United States, by using its dominant position in rare earths – a group of 17 chemical elements used to produce various electronics, industrial and military equipment. However, recent supply disruptions in U.S. limited gains. Brent crude decreased by 0.9% to $69.45 a barrel, while WTI futures closed 0.6% down at $58.81 a barrel.
read more... 30/05/2019