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Daily (11.04.2019): The EU carbon prices hit a new 11-year high on Wednesday on Brexit delay optimism
Crude oil prices increased on Wednesday, after EIA report showed that U.S. gasoline stocks plunged more than expected last week, offsetting the surging crude inventories. OPEC’s oil production at four-year low in March coupled with U.S. sanctions on Iran and Venezuela lent more support to prices. Brent crude price rose by 1.6% to $71.73 a barrel, while WTI futures traded 1% up at $64.61 a barrel.
read more... 11/04/2019
Total, partners reach initial agreement on $13 billion Papua LNG project
France’s Total and its partners signed a long-awaited deal with Papua New Guinea on Tuesday that will allow initial work to start on a $13 billion plan to double the country’s liquefied natural gas exports.
read more... 11/04/2019
Axpo, Aquila unveil PPAs for 133 MW of Swedish wind
Axpo Nordic AS, a unit of Swiss utility Axpo, has agreed to buy the output of 133.2 MW of Swedish wind parks owned by German alternative investment manager Aquila Capital.
read more... 11/04/2019
Azerbaijan cuts average daily oil production within OPEC agreement
Azerbaijan has submitted the data on the daily oil production in the country for March 2019 to the joint technical commission of the OPEC monitoring committee, Trend reports referring to the country's Energy Ministry on April 10.
read more... 11/04/2019
Daily (10.04.2019): NBP spot soared by over 10% on Tuesday amid system undersupply
Crude oil prices pared earlier gains on Tuesday, following an unexpected increase in U.S. crude inventories and Russia’s comments on a potential rise in its oil production after OPEC’s meeting in June. However, OPEC-led supply cuts as well as U.S. sanctions against Iran and Venezuela capped losses. Brent crude price edged down by 0.7% to $70.61 a barrel. The same decline was noticed in WTI futures, which ended at $63.98 a barrel.
read more... 10/04/2019