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Daily (19.03.2021): Oil prices plummeted by 7% on Thursday amid faltering vaccine rollout in Europe
Oil prices plummeted for a fifth day in a row on Thursday due to tighter restrictions in many EU countries, including Italy, France and Poland, as the slowdown in vaccination programs in Europe led to rising Covid-19 cases. Hence, Brent crude dropped by $4.72, or 6.9%, to settle at $63.28 a barrel, while U.S. WTI crude fell $4.60, or 7.1%, to settle at $60.00 a barrel. Both contracts tumbled by more than 11% since their recent highs hit on March 8.
read more... 19/03/2021
ENA brings more flexibility to the grid with contract update
The Energy Networks Association (ENA) has updated its standardised flexibility contract used across the energy sector to offer more transparency and increase accessibility.
read more... 02/03/2021
Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive
Qatar Petroleum’s recently set a new record for the largest LNG export project ever. By 2026, the country will once again become the world's largest supplier of liquefied natural gas by overtaking Australia. The signing of the contract was delayed for a year due to economic uncertainty as a direct consequence of the Covid-19 pandemic. With the mega-expansion, the market could be oversupplied for years and the feasibility of other projects that are awaiting their investment decision could be in jeopardy.
read more... 23/02/2021
Daily (10.02.2021): Oil prices at 13-month highs on Tuesday amid supportive factors on the supply and demand side
Crude oil futures continued their rally, to hit their highest levels in 13 months on Tuesday, driven by a series of encouraging factors on the supply and demand side. A weaker dollar provided further support to oil prices. Hence, Brent crude rose by 53 cents, or 0.9%, to settle at $61.09 a barrel. U.S. WTI crude added 39 cents, or 0.7%, to close at $58.36 per barrel. Both contracts had hit their highest since January 2020 after having risen for six straight sessions.
read more... 10/02/2021
UK's 2024,2025 capacity market target cut to 40.1 GW, but year-head target raised
The UK government is seeking to contract 40.1 GW in the next four year-ahead capacity market auction (T-4) for delivery 2024/2025, in an auction due to start March 9, National Grid ESO said Feb. 9.
read more... 10/02/2021