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Daily (03.08.2020): NBP spot climbed by 5% on Friday, due to higher gas-for-power demand

Crude oil prices inched higher on Friday, stimulated by a weaker dollar and record high oil supply cuts by US in May. Consequently, Brent crude rose by 1.2% to $43.75 a barrel, while WTI futures increased by 0.6% to $41.27 a barrel.

read more... 03/08/2020

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Plans unveiled for €1.6bn gigafactory in France to supercharge growing battery demand

Production in the gigafactory is scheduled to begin in 2023 with a capacity of 16GWh of battery cells which will later increase to 50GWh

read more... 31/07/2020

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Daily (29.07.2020): British gas prices gained ground on Tuesday amid lower Norwegian flows and higher carbon prices

Crude oil futures ended lower on Tuesday as market players continue to fret over the impact of COVID-19 on energy demand ahead of weekly petroleum supply data expected to show a further rise in U.S. crude inventories. Hence, Brent crude slipped by 19 cents, or 0.4%, to settle at $43.22 a barrel, while U.S. WTI crude futures declined by 56 cents, or 1.4%, to settle at $41.04 a barrel.

read more... 29/07/2020

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Daily (24.07.2020): Crude oil prices fell by about 2% on Thursday amid coronavirus demand concerns, weak U.S. jobs numbers

Crude oil futures continued to fall on Thursday, dragged down by data showing a surprise rise in U.S. crude stockpiles, renewed tensions between the United States and China, as well as the growth of U.S. jobless rate. However, the alarming increase of the U.S. coronavirus cases added further pressure on oil prices. Consequently, Brent crude for September delivery fell by 98 cents or 2.2%, to settle at $43.31 per barrel. Meanwhile, U.S. WTI crude declined by 83 cents or 2%, to close at $41.07 per barrel.

read more... 24/07/2020

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Daily (23.07.2020): French spot power eyed 4.6% gains due to less solar and wind output

Oil prices declined slightly on Wednesday, as U.S. crude inventories rose surprisingly, while demand dropped on worsening relations between Washington and Beijing. Hence, Brent crude fell to $44.29 a barrel. The American benchmark WTI crude edged lower at $41.90 a barrel.

read more... 23/07/2020

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