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Daily (12.09.2018): Brent crude soared by 2.2% on Tuesday, due to stronger demand ahead of November sanctions
Strong demand pushed crude prices higher on Tuesday, because President Donald Trump announced that starting from November 4th Iranian crude buyers will stop their purchases. Accordingly, Brent crude traded 2.2% higher at $79.06 a barrel. Meanwhile, WTI crude price increased by 2.5% to $69.25 a barrel.
read more... 12/09/2018
Sudan, Turkey strike $100 million oil investment deal
The Turkish minister of agriculture and forestry Bekir Pakdemirli said his country has signed a $100 million agreement to invest in oil exploration and production in Sudan.
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Russian gas megaproject to China close to completion
Gazprom will soon complete its part of the Power of Siberia gas pipeline to China, the Russian company announced on the sidelines of the Eastern Economic Forum in Vladivostok. The pipeline will be one of the world’s largest.
read more... 12/09/2018
German Senvion secures 80-megawatt wind project in US
German wind turbine manufacturer Senvion and Michigan-U.S.-based Heritage Sustainable Energy executed an 80-megawatt (MW) agreement for the supply and delivery of the Garden II wind farm project in Michigan, Senvion announced Monday.
read more... 12/09/2018
Daily (11.09.2018): UK gas contracts hit new peaks on Monday, due to an undersupplied system and bullish carbon markets
Oil crude futures continued to rise on Monday, as a decline in exports from Iran ahead of the November deadline for the implementation of new U.S. sanctions supported prices. Brent crude traded 0.7% higher at $77.37 a barrel. However, WTI crude dropped by 0.3% to $ 67.54 a barrel, because of higher U.S. inventories.
read more... 11/09/2018