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Daily (16.09.2019): NBP spot soared by over 13% on Friday amid higher demand after official order to cut Gazprom’s flows

Crude oil prices traded lower on Friday, amid worries over global economic slowdown and thinner oil demand. WTI futures fell by 0.4% to $54.85 a barrel, while Brent crude edged 0.3% down at $60.22 a barrel, heading for the first weekly fall in three and five weeks respectively. Nevertheless, crude prices are expected to spike after a drone attack on two Saudi Aramco oil facilities on Saturday, which slashed by 50% Saudi Arabia’s oil output, or the equivalent of 5% in the global oil supply.

read more... 16/09/2019

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Daily (12.09.2019): WTI crude lost almost 3% on Wednesday, on news that U.S. might ease sanctions on Iran

Crude oil prices declined on Wednesday, as U.S. administration could ease sanctions against Iran, thereby inflate global supplies. At the same time, both OPEC and EIA slashed demand forecasts this week. Consequently, WTI crude dropped by 2.9% to $55.75 a barrel, while Brent oil decreased by 2.5% to $60.81 a barrel.

read more... 12/09/2019

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Daily (10.09.2019): NBP spot spiked by 6% on Monday, boosted by higher demand and firmer oil prices

Oil prices extended gains on Monday, after the new Saudi energy minister assured that his country will keep limiting oil production in order to help the oil market reach a better balance. As a result, WTI futures hiked by 2.4% to 57.85 USD/bbl, while Brent crude ended 1.7% higher at 62.59 USD/bbl.

read more... 10/09/2019

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Renewables cover record 44% of Northern Ireland's power demand in 12 months

Renewable energy sources in Northern Ireland met 44% of the country’s total power consumption in the 12 months to June 2019, setting an all-time record, new statistics show.

read more... 09/09/2019

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Daily (06.09.2019): NBP spot soared by 7.7% on Thursday, on expectations for higher demand

Crude oil prices remained bullish on Thursday following a larger-than-expected fall in the U.S. crude stockpiles reported for last week. Meanwhile, slowing global economic growth and weaker hopes for an upcoming trade agreement between China and the U.S. tempered the rise. Brent crude advanced by 0.4% to $60.95 a barrel, while WTI futures edged 0.1% higher at $56.30 a barrel.

read more... 06/09/2019

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