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Daily (13.09.2019): Welding anomalies at French nuclear reactors supported spot gas and power prices across Europe

Crude oil prices had another bearish day, after Donald Trump denied the possibility on an interim U.S.-China trade deal. Comments by OPEC+ alliance that deeper cuts would not be decided before a meeting in December and ECB’s decision to cut its deposit rate also weighed on prices. Hence, Brent crude dropped by 0.7% to close at $60.38 a barrel, while WTI futures lost 1.2% to settle at $55.09 a barrel.

read more... 13/09/2019

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Daily (11.09.2019): A strong rise in European gas and power prices on Tuesday following several bullish news

The abrupt firing of the combative U.S. national security advisor John Bolton raised a softer oil supply outlook, leading to a decline in oil prices on Tuesday. The news spurred speculations that U.S. might head for a potential de-escalation in tensions with Iran and an improved trade with Venezuela. However, gains were capped by earlier assurances of continued output cuts from OPEC and its allies. Consequently, WTI futures fell by 0.8% to 57.40 USD/bbl, while Brent crude edged down by 0.3% to 62.38 USD/bbl.

read more... 11/09/2019

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Netherlands to halt Groningen gas production by 2022

The Netherlands will halt production at Groningen, Europe’s largest onshore natural gas field, by 2022, eight years earlier than initially planned, the Dutch government said on Tuesday.

read more... 11/09/2019

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Moldova will get a discount of $10-15 for Russian gas

Moldovan President Igor Dodon was on September 7 in Moscow for talks about a new gas price deal with his Russian counterpart Vladimir Putin. Moldovagaz gas supply and transit deal with Gazprom expires on December 31, 2019.

read more... 10/09/2019

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Russia’s Rosneft to build up its own LNG project

Russia’s oil and gas company, Rosneft and its Sakhalin-1 partners have decided to go ahead with their Far East LNG project.

read more... 06/09/2019

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