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Iran Boosts Oil Output At Oilfields Shared With Iraq
Iran has raised oil production from the oilfields in its southwest it shares with Iraq to 400,000 barrels per day (bpd) from 70,000 bpd in the past seven years, Shafaq News quoted Iranian Oil Minister Bijan Zangeneh as saying on Tuesday.
read more... 16/09/2020
Equinor eyes $1 billion gain from offshore wind sale to BP
Norway’s Equinor expects to book a profit of around $1 billion from its sale of a 50% stake in two U.S. offshore wind power developments to BP, a company executive told Reuters on Thursday.
read more... 10/09/2020
Daily (24.08.2020): NBP spot tumbled by 7% on Friday as strong wind weighed on gas-for-power demand.
Oil prices declined on Friday amid concerns over the second wave of the Covid-19 that could dent fuel demand. However, better than expected data for US housing and manufacturing indicators limited the losses. As a result, Brent crude fell 1.2% to settle at $44.35 a barrel. Similarly, WTI futures lost 1.1% to end at $42.34 a barrel
read more... 24/08/2020
Daily (19.08.2020): NBP spot at a 5-month high on Tuesday amid higher LNG prices globally
Crude oil futures barely changed on Tuesday as the market participants watched the upcoming U.S. government data expected to show a fourth straight weekly drop in stockpiles. However, OPEC+ high compliance with supply cuts in July added little support to oil prices. Consequently, Brent crude rose by 0.2% to settle at $45.46 a barrel. At the same time, U.S. WTI crude remained unchanged at $42.89 a barrel.
read more... 19/08/2020
Daily (10.08.2020): NBP spot hit a new 5-month high on Friday
Oil prices declined on Friday amid uncertainty caused by negotiations over a new stimulus deal in the United States. Moreover, rising coronavirus cases could renew concerns over global fuel demand. Brent crude fell 1.5% to settle at $44.40 a barrel. Similarly, WTI lost 1.7% to end at $41.22 a barrel.
read more... 10/08/2020