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Daily (17.08.2018): NBP spot jumped by 4.5% week-on-week to a 5-month peak, due to outages and lower flows from Norway

Oil prices regained momentum on Thursday, after having declined a day earlier because of high crude inventories, but predictions of lower demand kept prices under control. Brent crude closed 1% higher at $71.43 a barrel, posting a 1% loss for the week. Meanwhile, WTI crude rose 0.7% to $65.46 a barrel, slumping by 2% week-on-week.

read more... 17/08/2018

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KEPCO signs $37.8 mln project in Dominican Republic

The state-run Korea Electric Corp. (KEPCO) said Friday it has won a US$37.8 million project to replace or build new power distribution facilities in the Dominican Republic.

read more... 17/08/2018

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FirstEnergy takes unwelcome step towards plant closures

FirstEnergy Solutions Inc (FES) has taken its next step towards the closure of three nuclear power plants, filing plans related to the decommissioning with the US Nuclear Regulatory Commission (NRC). The Beaver Valley, Davis-Besse and Perry plants are scheduled to close during the next three years unless legislative policy solutions can be found to keep them operating.

read more... 17/08/2018

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Swiss trader Axpo signs LNG deal with Pieridae Energy

Swiss trading company Axpo Group agreed a term-sheet with the Canadian LNG project developer Pieridae Energy to negotiate a sales and purchase deal for volumes from Goldboro LNG project in Nova Scotia.

read more... 17/08/2018

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Daily (16.08.2018): WTI crude dropped by 3% on Wednesday, due to a high level of crude inventories

Oil prices were bearish on Wednesday, as trade tensions weighed down on demand and investors kept selling amid increased output. Brent crude contract lost 2.4% to close at $70.76 a barrel. WTI crude dipped by 3% to $65.01 a barrel, due to U.S. production growth.

read more... 16/08/2018

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