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Daily (15.05.2020): Crude oil prices rebounded on Thursday amid a less pessimistic oil supply picture unveiled by IEA

Crude oil futures surged on Thursday after the IEA unveiled a tightening supply picture in the second half of 2020. Moreover, an unexpected drop in U.S. crude stocks also lent support to prices. Hence, Brent crude soared by $1.94, or 6.7%, to settle at $31.13 a barrel, while the U.S. WTI crude rallied by $2.27, or 9%, to end at $27.56 a barrel.

read more... 15/05/2020

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LNG imports and new supply challenge Russia’s hold on European gas market

Russia’s dominance of Europe’s natural gas market, widely seen as threatening European energy security, is likely to be increasingly challenged as new suppliers establish a foothold in the region.

read more... 13/05/2020

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Daily (13.05.2020): Crude oil futures recovered on Tuesday amid additional supply cuts by Saudi Arabia

Crude oil futures gained ground on Tuesday, after OPEC’s de facto leader, Saudi Arabia, pledged to deepen production cuts in June to help drain the glut in the global market. Hence, Brent crude futures rose by 35 cents, or 1.2%, to settle at $29.98 per barrel, while the U.S. WTI crude soared by $1.64, or 6.8%, to settle at $25.78 per barrel.

read more... 13/05/2020

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Daily (08.05.2020): German Cal’21 power contract bounced by 1.3% on Thursday in tandem with stronger coal, carbon prices

Crude oil futures declined on Thursday amid doubts about the ability of oil giants to comply with their production quotas in an attempt to stabilize the market. Moreover, worries about economic recession, sluggish demand and oversupply eclipsed a rebound in Saudi Arabia’s official crude selling and an unexpected rise in Chinese exports last month.

read more... 08/05/2020

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Shell eyes 760 MW Dutch wind farm to fuel hydrogen plant

Energy firms Royal Dutch Shell and Eneco have bid together in the tender for the 760 MW Holland Coast North offshore wind farm to supply a hydrogen plant, they said on Thursday.

read more... 08/05/2020

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