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Daily (17.10.2019): NBP spot slumped by over 8% on Wednesday amid firmer Norwegian exports and lower gas-for-power demand

Speculations about a potential extension of crude supply cuts by OPEC and its allies as of December led to a recovery in crude oil prices on Wednesday. The greenback’s slide coupled with short covering in anticipation of an industry report on U.S. crude inventories also contributed to the market rally. Still, concerns over tighter crude demand and expectations for higher crude stocks in the U.S. limited gains. Against that backdrop, Brent crude rose by 1.2% to 59.42 USD/bbl, while WTI futures advanced by 1% to 53.36 USD/bbl.

read more... 17/10/2019

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Russia blocks coal supplies to Ukraine through Belarus

Ukrainian MP Mykhailo Volynets, who serves as the chairman of the Independent Trade Union of Miners of Ukraine, has said that Russia has begun blocking coal exports to Ukraine via Belarus, Kosatka Media has reported.

read more... 11/10/2019

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Ukraine to export natural gas to Moldova without Gazprom's involvement

The Cabinet of Ministers has instructed NJSC Naftogaz of Ukraine to take measures to ensure natural gas exports to Moldova without the involvement of Russia's Gazprom.

read more... 09/10/2019

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Daily (02.10.2019): Brent crude dipped by over 3% on Tuesday, on fears of weakening crude demand

Crude oil prices continued their downward evolution on Tuesday, following the news that U.S. factory data dropped to an over 10-year low in September due to fewer exports in the context of the U.S.-China trade tensions. A subsequent fall in equities market put more pressure on prices. Pessimistic manufacturing and inflation data in the Euro zone also weighed on the market. On the supply side, the declines in oil output from OPEC, Russia and the U.S. could prevent further losses. Brent crude tumbled by 3.1% to $58.89 a barrel. WTI futures traded 0.8% lower at $53.62 a barrel.

read more... 02/10/2019

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Russia and Japan agree to collaborate in hydrogen supply

Rusatom Overseas and Japan’s Agency for Natural Resources and Energy under the Ministry of Economy, Trade and Industry signed an agreement to join efforts in conducting a feasibility study in 2020-2021 to export hydrogen from Russia to Japan.

read more... 27/09/2019

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