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Daily (17.09.2019): Oil prices jumped by nearly 15% following the attacks on Saudi oil facilities

Crude oil prices posted its biggest daily gain in over 30 years, following the attack on Aramco crude facilities which led to a in cut Saudi Arabia’s production and intensified concerns of retaliation in the Middle East. According to the news, Aramco may take months to resume normal output volumes. As a result, Brent crude surged by 14.7% to $69.02 a barrel, while WTI futures hiked by 14.6% to $62.90 a barrel.

read more... 17/09/2019

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US wind additions to peak at 14.6 GW in 2020 - Wood Mackenzie

The US wind industry will witness the addition of a record 14.6 GW of capacity in 2020 as developers are rushing to complete their projects ahead of the planned phase-out of the federal production tax credit (PTC), Wood Mackenzie says.

read more... 13/09/2019

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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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Daily (10.09.2019): NBP spot spiked by 6% on Monday, boosted by higher demand and firmer oil prices

Oil prices extended gains on Monday, after the new Saudi energy minister assured that his country will keep limiting oil production in order to help the oil market reach a better balance. As a result, WTI futures hiked by 2.4% to 57.85 USD/bbl, while Brent crude ended 1.7% higher at 62.59 USD/bbl.

read more... 10/09/2019

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Equinor begins production from Snefrid Nord gas field offshore Norway

The Snefrid Nord gas field in the Norwegian Sea has been developed with an investment of £110m as a tie back to the Aasta Hansteen gas field

read more... 05/09/2019

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