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Daily (15.01.2019): Brent crude dipped by 2.5% on weak China import-export data

Oil prices dropped on Monday as China reported weakening import-export data, which added to persistent concerns about a global growth slowdown. Brent crude plunged by 2.5% to $58.99 a barrel, despite support from OPEC-led output cuts. WTI futures slumped by around 2% to settle at $50.51 a barrel.

read more... 15/01/2019

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Russia’s coal exports, production hit 5-year high in 2018

Russia’s production and exports of coal hit last year their highest levels since 2013, according to Platts estimates of data from Russia’s Energy Ministry.

read more... 14/01/2019

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Russia’s gas exports to Europe reach record high

Russia’s gas exports to Europe reached a record high in 2018 despite diplomatic tensions and the will of the European Union to reduce its dependence on Russia, Gazprom reported on Friday.

read more... 31/12/2018

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Total To Launch Oil Exports From New Nigerian Field In February

Just as OPEC and partners will have started the new round of production cuts to reduce oversupply, France’s Total is set to begin exports from the new ultra-deep Egina oil field offshore Nigeria in February 2019, at an initial rate of just over 100,000 bpd, Bloomberg reported on Thursday, quoting a copy of a loading program for the new grade it had seen.

read more... 21/12/2018

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Daily (13.12.2018): NBP spot gained 1.6% on Wednesday due to cooler weather forecasts

Oil prices edged slightly lower on Wednesday, after Iran’s minister stated that opinions within OPEC related to output reduction differ. Nevertheless, losses were capped by the recent decline in Libya’s exports. Brent crude was almost unchanged at $60.15 a barrel. WTI crude lost 1% to end at $51.15 a barrel.

read more... 13/12/2018

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