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Daily (03.12.2019): NBP gas forward prices strongly bearish on Monday due to robust supplies from LNG terminals and from Norway
Brent crude declined on Monday on concerns about global oil oversupply and limited progress toward resolving the U.S.-China trade war that has clouded the outlook for oil demand. Brent lost 2.4% to settle at $60.92 a barrel.
read more... 03/12/2019
Daily (27.11.2019): NBP spot tumbled by 5% on Tuesday due to an oversupplied system
Crude oil prices traded higher on Tuesday as top U.S. and Chinese trade negotiators made efforts to reach a so-called Phase 1 deal in a trade war that has dragged on for 16 months.
read more... 27/11/2019
Daily (19.11.2019): NBP spot fell by 2% on forecasts for lower heating and gas-for-power demand due to milder weather
Oil prices lost ground on Monday amid uncertainty over a trade agreement between the U.S. and China. Furthermore, worries about crude oversupply also put pressure on oil contracts. Brent crude dropped by 1.4% to $62.44 a barrel and WTI futures fell by 1.1% to $58.05 a barrel.
read more... 19/11/2019
Chevron, Total, Shell others to divest $27 billion assets
International Oil Companies (IOCs), including ExxonMobil, Chevron, BP, Total, Shell, and ConocoPhillips are planning to sell assets worth $27.5 billion in bid to invest in new regions, new research by Rystad Energy has said.
read more... 19/11/2019
BP: Total production from Azeri-Chirag-Gunashi oil field exceeded 3,6 billion barrels
A total of 3,6 billion tons of oil has been produced since the commissioning of operation of Azeri-Chirag-Gunashli (ACG) fields, according to BP.
read more... 14/11/2019