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Daily (19.04.2019): NBP spot tumbled by 7.5% on Thursday due to weaker demand ahead of Easter holidays

The prospects of a tighter supply due to reduced crude exports from Saudi Arabia coupled with lower oil inventories and fewer active rigs in the U.S. led to a rise in crude oil prices on Thursday. A stronger dollar lent more support to prices. As a result, Brent crude traded 0.5% higher at $71.97 a barrel. In the meantime, WTI futures gained 0.4% to close at $64.00 a barrel.

read more... 19/04/2019

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EU grants Poland a further 215 million euros for Baltic Pipe gas project

The European Commission has signed a deal with Poland’s GAZ-SYSTEM that will see a further 215 million euros invested in a natural gas pipeline between Denmark and Poland in order to import Norwegian gas.

read more... 19/04/2019

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ConocoPhillips to sell UK oil and gas business for $2.68bn

US energy giant ConocoPhillips is selling its oil and gas business in the UK to Chrysaor Holdings in a deal worth $2.68 billion (£2bn).

read more... 19/04/2019

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Wind power industry shells out EUR 65bn in Europe in 2018

The wind power industry invested last year a total of EUR 65 billion (USD 73.1bn) in Europe’s new wind farms and other financing activities, according to the Financing and Investment Trends report published by WindEurope on Thursday.

read more... 19/04/2019

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Daily (18.04.2019): EU carbon prices climbed by 1.7% on Wednesday, amidst tighter supply and bullish gas prices

Crude oil prices edged lower on Wednesday, as EIA announced that U.S. crude stocks fell less than anticipated. Meanwhile, OPEC supply cuts and U.S sanctions limited losses. As a result. Brent crude slipped by 0.1% to $71.62 a barrel, while WTI futures traded 0.5% lower at $63.76 a barrel.

read more... 18/04/2019

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