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German power demand recovering in industrial centres – EQ

German power demand in industrial centres has returned to near normal levels this week after the easing of lockdown measures, Montel's Energy Quantified (EQ) on Tuesday.

read more... 06/05/2020

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Daily (06.05.2020): U.S. WTI crude rallied by 20.5% on Tuesday amid hopes of improving demand

Crude oil futures continued to gain ground on Tuesday as some European and Asian countries along with several U.S. states started to ease coronavirus-related lockdown measures, increasing optimism for a bounce in fuel consumption.

read more... 06/05/2020

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Demand drop to “dwarf” impact of 2008 financial crisis – IEA

A drop in global energy demand this year will likely “dwarf” the impact of the 2008 financial crisis and slash carbon emissions by 8%, the International Energy Agency said on Thursday.

read more... 30/04/2020

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Daily (29.04.2020): Brent recovered by 2.4% on Tuesday, driven by gradual restart of economic activity

Crude oil futures varied on Tuesday, with U.S. WTI crude declining by 44 cents, or 3.4%, to settle at $12.34 a barrel, as investors worried about the depleting crude storage space amid a sluggish demand.

read more... 29/04/2020

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Daily (28.04.2020): WTI crude plunges by 25% amid concerns over storage

Crude oil futures crashed on Monday amid signs that the worldwide oil storage is filling rapidly, increasing worries that production reductions will not come fast enough to fully offset the collapse in demand due to the coronavirus pandemic. Hence, Brent crude fell by $1.45, or 6.8%, to settle at $19.99 a barrel. At the same time, the U.S. WTI crude plunged by $4.16, or 24.6%, to end at $12.78 a barrel

read more... 28/04/2020

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