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Daily (22.04.2019): The energy complex was calm on Friday due to Easter holidays

The overall trade on energy markets was muted by the long weekend occasioned by Easter holidays. Oil, gas and carbon prices remained untraded, taking a pause before the resumption of the trading activity this week.

read more... 22/04/2019

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Repsol Sinopec eyes extra 10 million barrels from North Sea assets

Repsol Sinopec Resources UK has started working on projects across a number of its assets in the UK North Sea that should realize in the region of an additional 10 million barrels of oil equivalent (boe), beginning later this year.

read more... 22/04/2019

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Daily (19.04.2019): NBP spot tumbled by 7.5% on Thursday due to weaker demand ahead of Easter holidays

The prospects of a tighter supply due to reduced crude exports from Saudi Arabia coupled with lower oil inventories and fewer active rigs in the U.S. led to a rise in crude oil prices on Thursday. A stronger dollar lent more support to prices. As a result, Brent crude traded 0.5% higher at $71.97 a barrel. In the meantime, WTI futures gained 0.4% to close at $64.00 a barrel.

read more... 19/04/2019

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ConocoPhillips to sell UK oil and gas business for $2.68bn

US energy giant ConocoPhillips is selling its oil and gas business in the UK to Chrysaor Holdings in a deal worth $2.68 billion (£2bn).

read more... 19/04/2019

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Daily (18.04.2019): EU carbon prices climbed by 1.7% on Wednesday, amidst tighter supply and bullish gas prices

Crude oil prices edged lower on Wednesday, as EIA announced that U.S. crude stocks fell less than anticipated. Meanwhile, OPEC supply cuts and U.S sanctions limited losses. As a result. Brent crude slipped by 0.1% to $71.62 a barrel, while WTI futures traded 0.5% lower at $63.76 a barrel.

read more... 18/04/2019

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