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Daily (19.01.2024): Oil prices jumped by about 2% on Thursday amid supply tightness fears
On Thursday, oil prices jumped by around 2%, driven by indications of tightening supply and escalating crisis in the Middle East. Market participants noted that an increasing number of ships avoiding the Red Sea were beginning to disrupt flows, adding additional pressure to the market. Thus, Brent crude settled at $79.10, while WTI crude ended at $74.08 per barrel, both contracts marking a 2% daily increase.
read more... 19/01/2024
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Serbia-Bulgaria gas pipeline start-up pushed back
Gas flows through the Serbia-Bulgaria gas interconnector may only start by the end of this year, although construction works are nearly complete, Serbian mining and energy minister Dubravka Dedovic-Handanovic said on Friday.
read more... 30/10/2023
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German energy regulator expects lower power reserve needs this winter
Germany's energy regulator said on Friday it has asked for less reserve power capacity to avoid supply shortfalls in the coming winter than it did last year, citing increased capacities reactivated when Russia stopped gas flows last year.
read more... 02/05/2023
French strikes continue to block refinery shipments and LNG terminals
Shipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced flow.
read more... 21/03/2023
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Daily (10.02.2023): Strong LNG flows and forecasts for warmer weather weighed on gas prices on Thursday
Oil prices edged lower on Thursday amid rising inventories and fresh concerns over US economic slowdown. Consequently, Brent crude slipped by 0.7% to $84.50 a barrel and WTI oil fell by 0.5% to $78.06 a barrel.
read more... 10/02/2023