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Daily (04.09.2020): Oil prices fell on Thursday, with Brent at its lowest settlement since July 31 amid gloomy demand outlook
Crude oil prices extended losses on Thursday amid persistent concerns about the demand outlook a day after weak U.S. gasoline demand data. The market picture remains focused on muted demand growth in the United States and elsewhere, while global producers began to bring more supply into the market last month. In this context, Brent crude for November delivery declined slightly by 36 cents, or 0.8%, to settle at $44.07 a barrel, the lowest settlement since July 31. U.S. WTI crude for October delivery lost 14 cents, or 0.3%, to close at $41.37 a barrel, the lowest level since August 7.
read more... 04/09/2020
Daily (27.08.2020): British forward gas prices hit multi-month high on Wednesday amid higher CO2 and U.S. gas prices
Crude oil prices ended on a mixed note on Wednesday, with Brent crude for October delivery declining slightly by 22 cents, or 0.5%, to settle at $45.64 a barrel on ICE Futures Europe. At the same time, U.S. WTI crude steadied at $43.39 a barrel, but held ground as U.S. producers shut output in the Gulf of Mexico ahead of Hurricane Laura. However, declining U.S. stockpiles triggered a further rise in WTI crude price.
read more... 27/08/2020
Poland Poised to Announce Major Coal Mine Closures
Poland’s biggest coal producer, state-run PGG, is likely to announce within days deep cuts in coal output and the closure of a number mines as part of a restructuring plan that is expected to prompt protests by miners, industry sources said.
read more... 27/07/2020
Romanian nat gas producer Romgaz plans entry on supply, distribution market - report
Romanian natural gas producer Romgaz is planning to enter the gas distribution and supply segment for domestic customers, local media reported on Wednesday.
read more... 16/07/2020
Russia's Novak sees global oil output cuts easing from August
Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output cuts from August as previously agreed.
read more... 06/07/2020