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Daily (18.01.2019): European year-ahead power prices climb by over 4% on Thursday, due to colder weather

Oil prices retreated on Thursday, due to stronger U.S crude oil production and persisting concerns over trade between China and US. However, losses were limited by OPEC output cuts. Brent crude edged 0.2% lower at 61.18 USD/bbl, while WTI crude was down by 0.5% at 52.07 USD/bbl.

read more... 18/01/2019

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Daily (17.01.2019): Carbon prices jumped by over 3% on Wednesday following an oversized Polish auction

Oil prices edged higher on Wednesday, due to OPEC supply cuts and China’s fiscal stimulus signals. However, gains were capped by increasing U.S. fuel inventories and higher crude oil production. As a result, Brent crude inched up by 1.1% to 61.32 USD/bbl, while WTI futures edged 0.4% higher closing at 52.31 USD/bbl.

read more... 17/01/2019

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OMV in plans for $6bn initial spend to develop Norway oil discovery

Austria's OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway's northernmost oil discovery, which could start production within a decade, a senior executive said on Wednesday.

read more... 17/01/2019

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Turkey breaks local coal production record in 2018

Turkey hit a record high with the production of local coal amounting to 101.5 million tonnes in 2018, Energy and Natural Resources Minister, Fatih Donmez announced on Wednesday.

read more... 17/01/2019

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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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