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Daily (05.06.2020): Oil prices steady on Thursday despite OPEC meeting uncertainty
Crude oil futures were little changed on Thursday as the delay of the OPEC+ meeting added uncertainty to whether the producers would agree to extend production cuts by 9.7 million bpd into the second half of 2020. Hence, Brent crude for August delivery rose by 0.5% to settle at $39.99 a barrel, continuing to push for $40 per barrel. At the same time, U.S. WTI crude added 0.3% to close at $37.41 a barrel.
read more... 05/06/2020
Daily (02.06.2020): The British spot gas dived by 5.6% on Monday after the resumption of Russian flows
Crude oil futures diverged on Monday, with Brent crude for August delivery surging by 8.5% to close at $38.32 a barrel amid hopes that OPEC+ producers will meet this week, earlier than previously planned, to discuss about a further extension of output cuts. Meanwhile, U.S. WTI crude was rather stable at $35.49 a barrel, but under the effect of increasingly hostile relations between the United States and China.
read more... 02/06/2020
Uniper signs contract for planned German LNG terminal
German power producer Uniper has signed a contract to build and charter an LNG terminal vessel for a planned project in Wilhelmshaven with Japanese partner Mitsui OSK Lines (MOL), it said on Tuesday.
read more... 27/05/2020
Russian state holding gives up control of Rosneft after Venezuela exit
Russia’s state holding company Rosneftegaz has relinquished its controlling stake in the country’s largest oil producer, Rosneft, Rosneft said on Friday, after Rosneft’s exit from Venezuela.
read more... 25/05/2020
France to be EU's 4th biggest offshore wind producer – study
France is set to become Europe’s fourth biggest offshore wind generator by 2030, with capacity due to climb to 7.4 GW by then from zero now, according to a report by consultants Rystad Energy.
read more... 08/05/2020