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Daily (07.08.2020): British forward gas prices gained momentum on Thursday, driven by lower Russian flows and stronger US gas prices
Crude oil prices slipped below five-month highs on Thursday, on renewed concerns of global fuel demand due to the coronavirus pandemic. This decrease, however, was tempered by Iraq’s intention to make an additional cut in its oil production. In this context, Brent crude edged 0.2% lower at $45.09 a barrel. Similarly, WTI futures settled 0.6% down at $41.95 a barrel.
read more... 07/08/2020
Russian oil & gas firms plan to invest $20 BILLION in Iraq’s energy industry
Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee at the Russian Federation Council, has announced. The companies may spend up to $20 billion on oil projects in Iraq, Fyodorov said at a meeting with Iraqi Ambassador to Russia Abdul-Rahman Al-Husseini, according to Russian media.
read more... 11/02/2020
Daily (09.01.2020): Oil prices plunged by over 4% on Wednesday as concerns over a potential war between U.S. and Iran faded
Crude oil prices sank on Wednesday as anxiety over a potential war between the U.S. and Iran faded after reports indicated no Americans were killed during missiles launch by Iran at American bases in Iraq. Moreover, President Donald Trump said Iran seems to have pulled back from its threats.
read more... 09/01/2020
Daily (31.12.2019): New Year’s Eve saw a strong bearish evolution in forward energy prices
Crude oil evolved differently on Monday, but held near three-month high on Monday, spurred by declining U.S. crude inventories and hopes for an expected China-U.S. deal. However, intensified geopolitical risk following U.S. air strikes in Iraq and Syria gave the commodity a boost.
read more... 31/12/2019
Rosneft starts exploration in Iraq’s Kurdistan
Rosneft has started exploration in Iraq’s Kurdistan this year, First Vice President of Russia’s top oil producer Eric Liron said in an interview with TASS, adding that the work is expected to continue in 2020 and might take several years.
read more... 18/10/2019