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Daily (12.05.2020): British near-term gas prices lost ground on Monday amid a re-routing of French gas to UK

Crude oil futures started the week on the back foot, weighed down by investor fears of a second wave of Covid-19 which offset new output cuts from Saudi Arabia. Hence, Brent crude for July delivery fell by $1.34, or 4.3%, to settle at $29.63 a barrel. At the same time, U.S. WTI crude dropped by 60 cents, or 2.4%, to settle at $24.14 a barrel.

read more... 12/05/2020

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Equinor gas sales price drops 41 percent on year to EUR 13 per MWh

Norwegian energy firm Equinor's gas sales price in Europe plummeted 41% to an average of EUR 13/MWh (USD 4.06/MMtbu) in the first quarter of the year amid the Covid-19 pandemic, it said on Thursday.

read more... 07/05/2020

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Russia gas transit via Ukraine slumps to near 30-year low

Russian gas transit shipments to Europe via Ukraine declined 47% in January-April, its lowest in nearly 30 years, as Russia redirected volumes through the new Turkstream pipeline, TSO of Ukraine (TSOU) data showed on Tuesday.

read more... 06/05/2020

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Carbon rebounds from 1-month low

Carbon prices on Monday afternoon rebounded from one-month lows touched in early trading amid some supportive technical signals and despite gas prices falling to new lows.

read more... 05/05/2020

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Russia’s Gazprom Moves Forward With New Mega Pipeline

The Russian gas export monopoly Gazprom has hit the wall with new European projects – Nord Stream 2 will be finished at some point in the second half of 2021, the exact route of TurkStream’s second line remains veiled in ambiguity and no other major gas importer voiced their interest in carrying out a new project.

read more... 05/05/2020

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