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Daily (19.06.2019): WTI futures hiked by 4% on Tuesday, on improved trade negotiations between China and U.S.

Crude oil prices increased by more than $1 a barrel on Tuesday, ahead of the G20 summit later this month, when China and U.S. will try to negotiate softer trade tariffs. Tensions in the Middle East also lent support to prices. As a result, Brent crude rose by 2% to $62.14 a barrel, while WTI futures closed 3.8% higher at $53.90 a barrel.

read more... 19/06/2019

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Siemens Gamesa to supply turbines for wind project in Taiwan

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has secured an order to supply turbines for the 376MW Formosa 2 offshore windfarm project in Taiwan.

read more... 19/06/2019

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SOCAR Turkey finalizes acquisition of EWE Turkey

SOCAR Turkey completed the takeover of EWE Turkey Holding's subsidiaries Bursagaz, Kayserigaz, Enervis, EWE Enerji and Millenicom, according to a statement from the company on late Monday.

read more... 19/06/2019

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Ireland commits to 70% renewables with new action plan

The Irish government on Monday released the country’s Climate Action Plan for 2019, which calls for a 70% renewables share in the total power mix by 2030.

read more... 19/06/2019

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Daily (18.06.2019): NBP day-ahead climbed by 6.5% on Monday, due to an undersupply in the system and reshuffle of flows

Crude oil prices declined on Monday weighed by fears of an economic growth slowdown amid international trade disputes between U.S., China and India. However, the recent attack on two oil tankers in the Middle East limited losses. As a result, Brent crude dropped by 1.7% to $60.94 a barrel, while WTI futures lost 1.1% to settle at $51.93 a barrel.

read more... 18/06/2019

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