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Daily (14.11.2018): Oil prices dropped by around 7% on Tuesday, due to oversupply

Oil prices plummeted on Tuesday, due to a rise in production and concerns over a slower consumption growth in 2019. OPEC and non-OPEC members are discussing the need for output reductions to avoid a significant rise in stocks. Brent crude declined by 6.6% to settle at $65.47 a barrel, while WTI crude tumbled by 7.1% to end at $55.69 a barrel.

read more... 14/11/2018

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Turkey acquires second vessel for oil and gas exploration

Turkey has acquired a second vessel for oil and gas exploration, the Turkish Ministry of Energy and Natural Resources said.

read more... 14/11/2018

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Daily (13.11.2018): NBP spot gas price added almost 8% on Monday, due to stronger demand

Oil prices edged lower on Monday, following OPEC’s reaction to add more supply in order to cover potential losses of Iranian barrels, after sanctions against crude exports from the Islamic Republic were re-imposed on November 4. Brent crude was almost flat at $70.12 a barrel, while WTI crude lost 0.4% to $59.93 a barrel.

read more... 13/11/2018

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Oil, gas majors spending 1.3% of investment on green energy

Top oil and gas companies invested only around 1.3% of their total capital expenditure this year on clean energy.

read more... 13/11/2018

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Daily (12.11.2018): German electricity spot price fell by 27.6% on Friday due to an oversupplied system

Stronger global supply alongside increased fears over lower rhythm of demand growth led to bearish oil prices on Friday. Brent crude lost $0.47, or 0.7% to end at $70.18 a barrel. WTI futures traded $0.48, or 0.8% lower at $60.19 a barrel.

read more... 12/11/2018

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