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Daily (14.02.2019): Oil prices climbed by 1.8% on Wednesday, as Saudi Arabia plans to reduce crude exports and production
Oil prices were bullish on Wednesday, after Saudi Arabia announced its plans to reduce crude exports and production. At the same time, rising U.S. crude inventories might still put pressure on the market. As a result, Brent crude increased by 1.9% to 63.61 USD/bbl. WTI crude rose by 1.5% to 53.90 USD/bbl.
read more... 14/02/2019
European consortium to buy 80% of Veja Mate offshore wind park
A consortium led by asset manager Commerz Real AG and IKEA franchisee Ingka Group will acquire an 80% stake in the 402-MW Veja Mate offshore wind park in the German North Sea.
read more... 14/02/2019
Over 500 Agreements to be Signed at Russian Investment Forum
Over 500 agreements worth a total of 800 billion roubles are expected to be signed at the Russian Investment Forum 2019. This preliminary estimate is based on the information from the Forum participants and from open sources.
read more... 14/02/2019
Germany set to build LNG terminals amid European gas battle
Germany will likely build 2 terminals to import LNG, Economy Minister Peter Altmaier said as Oilprice reported, in a move to appease the U.S. while Berlin also supports the Russia-led Nord Stream 2 gas pipeline, which has divided the EU member states in recent years.
read more... 14/02/2019
Daily (13.02.2019): EU carbon prices fell by over 7% to hit a new 2019 low
Oil prices reversed trend to hike on Tuesday, stimulated by the steep OPEC supply cuts, led by Saudi Arabia’s biggest drop in pumping activity. Brent oil traded 1.5% higher at $62.42 a barrel, while WTI crude increased by 1.3% to $53.10 a barrel.
read more... 13/02/2019