Europe Top News and Analysis Poland

  • BUDAPEST, May 22- Central Europe's main currencies eased slightly on Wednesday as global trade tensions weighed on risk appetite, although a jump in Polish industrial output gave the zloty brief respite. There is no need to change Polish interest rates in 2019, but a rise in 2020 cannot be ruled out, Polish rate-setter Rafal Sura said after Wednesday's figures.

  • MOSCOW, May 22- Russia's Energy Ministry said on Wednesday that clean crude oil was moving via the Druzhba pipeline towards the border of Hungary and Slovakia and was expected to reach the metering stations there within a week, Russian news agencies reported.

  • LONDON/ PARIS, May 21- French utility Engie and Portugal's EDP said on Tuesday they will invest 15 billion euros with the aim of becoming the world's number two offshore wind developer after Denmark's Orsted. Orsted had cumulative installed offshore capacity of about 3 GW at the end of 2018, giving it a market share of about 16 percent, WindEurope data shows, with...

  • LONDON, May 21- Investors piled into the Netherlands' inaugural, triple-A rated sovereign green bond on Tuesday, placing 21.2 billion euros of orders for the environmentally friendly paper. Thirty-two investors had registered as green before the 20- year bond's auction, in which the Netherlands raised almost 6 billion euros. The Netherlands follows European...

  • PARIS, May 21- Total said on Tuesday it had curbed output at its German refinery at Leuna due to continuing problems with contaminated Russian crude oil supply, while Germany's oil industry's lobby said national supply security was not at risk. Russia's oil export flows have been disrupted since April when high levels of organic chloride were found in crude...

  • *Biggest supply outage costing Russia at least $80 mln a day. LONDON, May 21- Hopes for a speedy resumption of oil exports from Russia to Poland and Germany along the Druzhba pipeline route are fading after plans to remove dirty oil from the pipeline had a major setback last week, three trading sources said. Russia halted oil flows along the pipeline to Eastern...

  • BERLIN, May 21- Bayer on Tuesday hired law firm Sidley Austin to investigate a Europe- wide data collection scheme run by its Monsanto unit, which targeted journalists, politicians and other stakeholders to influence the debate on pesticides. In a Q&A document posted on its website on Tuesday, Bayer said U.S public relations and marketing agency...

  • WARSAW, May 21- Poland's Energy Ministry said on Tuesday that Energy Minister Krzysztof Tchorzewski requested urgent action from Russia to return to supplies of clean oil as quickly as possible. The work of Polish refineries is continuing uninterrupted according to information from oil sector, the ministry said in a statement. Flows through the Druzhba...

  • LONDON, May 21- Government bond yields in much of the euro zone steadied above recent multi-year lows on Tuesday, with investors still reluctant to sell fixed income given heightened concern about economic growth and trade tensions. After sharp yield falls last week, sparked by renewed U.S./ China trade tensions and Brexit uncertainty, bond markets have...

  • More than 450 companies from North Korea, China, Russia, Pakistan, Poland and "other countries and regions" showcased a range of products at the fair, KCNA said. That number would make it the largest trade fair hosted by North Korea, according to an analysis of state media announcements from 2007 to 2019 conducted by NK News, a website that tracks North Korean issues.

  • *Budapest, Prague set multi-month lows. While Frankfurt's main stock index fell 1.8%, Prague shed 0.6%, Budapest 0.7% and Prague shed 0.6% and Warsaw 0.9% by 1300 GMT. Prague's main index touched a 3- and-1/2-month low, driven by a 4.3 percent decline in the stocks of Vienna- based Erste group after the bank paid out a dividend.

  • *Russia has pledged compensation for proven losses. *Hungarian problem halts flows via Ukraine. WARSAW/ KIEV, May 20- Poland will not be able to get clean oil from a Russian pipeline until refineries have agreed how to divide tainted crude still in the system, the chief executive of Polish refiner PKN Orlen said on Monday.

  • RUSSIAN OIL SUPPLIES THROUGH DRUZHBA PIPELINE TO POLAND AND GERMANY REMAIN SUSPENDED- TRADING SOURCES.

  • *Key pipeline to Europe suspended for nearly four weeks. *Causes worst ever Russia supply outage- trading sources. The French and Italian oil majors told their suppliers, including Russia's Rosneft and Surgut, that they would be ready to make payments when the extent of damages is clear and would pay for clean oil when supplies resume, the sources said.

  • WARSAW, May 20- Poland cannot get clean oil from Russia until refineries have agreed how to divide the contaminated oil still in the Druzhba pipeline, the chief executive of Polish refiner PKN Orlen said on Monday. Flows through the pipeline were suspended last month due to contaminated crude in the system, sending shockwaves through global oil markets.

  • MINSK, May 20- Belarus may resume oil transit from Russia towards Poland at midnight on Monday, Belarus state energy group Belneftekhim said.

  • *OPEC, allies meet in June to decide production policy. JEDDAH, Saudi Arabia, May 19- Saudi Energy Minister Khalid al-Falih said on Sunday he recommended "gently" driving oil inventories down at a time of plentiful global supplies and that OPEC would not make hasty decisions about output ahead of a June meeting. "Overall, the market is in a delicate situation," Falih...

  • JEDDAH, Saudi Arabia, May 19- Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday he recommended "gently" driving oil inventories down at a time of plentiful global supplies and said OPEC would not make hasty decisions about output ahead of a June meeting. "Overall, the market is in a delicate situation," Falih told reporters before a ministerial panel...

  • JEDDAH, Saudi Arabia, May 19- Russian Energy Minister Alexander Novak said on Sunday that different options were available for the OPEC and non- OPEC oil output deal, including a rise in production in the second half of the year. Novak said he discussed the market situation with his Saudi counterpart, Khalid al-Falih, and that the two parties were committed to...

  • The forint led other Central European currencies lower as tough comments from China in its trade war with the United States fueled risk aversion in global markets. Budapest and Warsaw topped losses in regional stock indexes, shedding 0.8%. "This causes the forint fall," said Peter Virovacz, analyst at ING in Budapest.