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OMV Petrom on track to exceed 2019 power output
OMV Petrom, Romanian arm of Austria's OMV, boosted its third-quarter power output on the year, spurred by higher spark spreads. Full-year generation is now on track exceed both 2019's level and the firm's 2020 target.
read more... 30/10/2020
Daily (29.10.2020): Partial lockdowns worldwide weigh on energy demand and on the entire energy complex
Crude oil tumbled by over 5% on Wednesday, as US oil stocks increased more than expected, while overall demand is expected to fall. As such, Brent oil ended at $39.12 a barrel, down 5.1%, or $2.08, from Tuesday’s close and WTI crude dropped by 5.5% to close at $37.39 a barrel.
read more... 29/10/2020
Novatek completes Arctic LNG 2 fleet formation
Novatek, Russia’s largest independent natural gas producer, has signed long-term charter deals for six Arc7 ice-class LNG tankers.
read more... 29/10/2020
Tesla Launches UK Energy Plan With Low Power Rates
Tesla is offering its Tesla Energy Plan in the UK designed for homes with solar and Powerwall that will turn them into virtual power plants to produce clean energy.
read more... 29/10/2020
Russia’s Crude Oil Exports Drop 8% In January-August
Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August, according to Russian federal customs data cited by local cargo analytics outlet SeaNews.
read more... 29/10/2020