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Daily (04.11.2020): Oil prices hit their highest level in a week on Tuesday amid hopes OPEC will curb production
Oil prices continued to climb on Tuesday, hitting their highest levels in a week amid hopes for a new stimulus package following the US elections and that the supply of black gold will be restrained due to the intervention of the main producing countries. Hence, Brent crude for January delivery soared by 74 cents, or 1.9%, to close at $39.71 per barrel. Meanwhile, U.S. WTI crude for December delivery increased by 85 cents, or 2.3%, to settle at $37.66 per barrel.
read more... 04/11/2020
‘UK’s largest battery’ plugged into Balancing Mechanism
Flexitricity has begun optimising Gresham House’s 50MW battery in South Yorkshire
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French company abandons plans to import US gas
The company had been in talks on a nearly $7 billion contract to supply LNG from a liquefaction facility that NextDecade plans to build in Texas to use the ample supplies of natural gas from fracking in the region
read more... 04/11/2020
Belarus connects first nuclear unit to grid
Belarus has connected its first nuclear unit to the grid — a 1.2GW reactor at the Astravyets plant. The unit is due to begin commercial operations in the first quarter of 2021.
read more... 04/11/2020
Daily (03.11.2020): Oil prices rebounded sharply on Monday as Russian producers may support OPEC extension of output cuts
Crude oil futures rebounded sharply on Monday after Russian oil producers declared that they may be willing to extend the OPEC+ oil output cut accord if current unsupportive market conditions persist. Hence, Brent crude surged by $1.51 or 4%, to close at $38.97 per barrel, while US benchmark WTI crude soared by $1.02 or 2.9% to settle at $36.81 a barrel.
read more... 03/11/2020