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Daily (20.11.2020): UK forward gas prices lost around 4% on Thursday due to low demand and strong supply

Oil prices ended slightly down on Thursday, in the face of the worsening Covid-19 epidemic, but also due to tensions over quotas within OPEC+. Hence, Brent crude slipped by 0.3% to settle at $44.20 per barrel. U.S. WTI crude lost 0.2% to close at $41.74 per barrel.

read more... 20/11/2020

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Daily (19.11.2020): EUAs increased by 2% on Wednesday influenced by news that the start of the 2021 auctions would be delayed

Wednesday, OPEC has reconfirmed its intentions to continue cutting production, thus supporting crude oil prices amid Covid-19 and demand worries. As a result, Brent crude for January delivery closed 1.4% up at $44.34 a barrel, while WTI crude edged 0.9% higher at $41.82 a barrel.

read more... 19/11/2020

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Daily (18.11.2020): Oil prices little changed on Tuesday, as fears of more coronavirus restrictions cooled off enthusiasm of vaccine

Crude oil prices were little changed on Tuesday as optimism about a second promising coronavirus vaccine faded in the face of concerns about the immediate outlook for demand. However, the conclusion of Monday’s OPEC+ meeting, with the majority of the producer countries supporting an extension of the output cuts beyond January has failed to boost the market sentiment. Hence, Brent crude lost 0.2% to end at $43.75 a barrel. At the same time, U.S. WTI crude added 0.2% to settle at $41.43 a barrel.

read more... 18/11/2020

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French weekly power exports soar on low domestic demand, nuclear gains

French power exports surged 63% week on week to average 10.3 GW for the seven days to Nov. 15 (week 47) as nuclear production ramped up and domestic demand remained low, according to system data.

read more... 17/11/2020

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Daily (16.11.2020): NBP spot increased by 3% on Friday due to continued outage at a Norwegian gas field

Oil prices were bearish on Friday, as reports showed a decrease in global demand for black gold. Consequently, Brent crude ended at $42.78 a barrel, or 1.7% down from Thursday’s close, while WTI oil dropped by 2.4% to $40.13 a barrel.

read more... 16/11/2020

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