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Daily Energy Market Report Friday 15th Nov 19

Oil & Markets Daily Energy Market Report Friday 15th Nov 19: Weak UK retail sales data together with somewhat positive Eurozone GDP numbers failed to shake sterling from its range against the euro yesterday as the market holds on for post-election Brexit clarity. EIA data bucked expectations and confirmed a minor build in US crude…
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Daily Energy Market Report Thursday 14th Nov 19

Oil & Markets Daily Energy Market Report Thursday 14th Nov 19: Carbon markets edged back up during Tuesday’s session as bearish sentiment around the perceived effects of German generation change ebbed. Dec-19 EUAs are back into their recent range around 25€/t during early trading this morning, with little drive from either fundamentals or technicals to…
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Daily Energy Market Report Thursday 7th November 19

Oil & Markets   Daily Energy Market Report Thursday 7th November 19: A much larger-than-expected build in US crude stocks together with only marginal draws in products put oil markets under pressure on Wednesday. However, moves were reasonably limited, with the focus on current US-China trade hopes maintained. The drive behind the recent bull run…
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Daily Energy Market Report Thursday 31st October 19

Oil & Markets   Daily Energy Market Report Thursday 31st October 19: A larger-than-expected build in US crude stocks knocked value from benchmark oil contracts yesterday. Draws in product stocks together with the continued spectre of increased OPEC cuts before year end left players only marginally spooked though, seeing front-month Brent crude avoid a break…
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US Strategic Petroleum Reserve lease granted

The Department of Energy said ExxonMobil Pipeline Company (EMPCo) has signed a 20-year lease to operate the St James Marine terminal and Bayou Choctaw 36-inch Pipeline

The post ExxonMobil granted US Strategic Petroleum Reverse lease appeared first on Energy Live News.

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Daily Energy Market Report Friday 18th October 19

Oil & Markets   Daily Energy Market Report Friday 18th October 19: Volatility in sterling stepped up yesterday as the market struggled to price in the news that the PM had managed to come to a deal with the EU. Cable swung in around a 2% range with moves against the euro not far behind…
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Weekly Energy Market Review Week 40

UK Gas and Power Review   Weekly Energy Market Review Week 40: It was another bearish week as extant drivers continued to push contracts across the curve lower. A bad week in financial markets contributed as disappointing data pointed to a further slowdown in global manufacturing. Supply was robust despite a couple of cooler days…
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Daily Energy Market Report Thursday 3rd October 19

Oil & Markets   Daily Energy Market Report Thursday 3rd October 19: The slump in equity markets continued on Wednesday as the focus on signs of weakness across the global economy grows. Poor results from a number of recent economic indicators, together with limited hope of the PM’s Brexit offer passing EU or Whitehall scrutiny…
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Weekly Energy Review 270919 for the UK

UK Gas and Power Review   Weekly Energy Review 270919: For the first time in recent memory, the bears came out on top across UK and European gas and power, wider fuels, and sterling versus dollar. Middle Eastern geopolitical risk abated and oil supply increased, while further downside came from an ever-deteriorating global economic outlook.…
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Daily Energy Market Report Thursday 22nd August 19

Daily Energy Market Report Thursday 22nd August 19   The NBP has once again opened oversupplied an increase of 2.9mcm day on day and demand is above its respective seasonal norms by 16mcm, but this is a decrease versus levels as warmer and most importantly, sunny weather is set to arrive to the UK for…
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