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Daily (28.10.2020): British near-term gas prices hit one-week low on Tuesday amid a less cold weather, strong wind power generation
Oil futures rebounded on Tuesday after the Tropical Storm Zeta slashed considerably the energy output in the Gulf of Mexico, while worries about the impact on demand from the ongoing surging globally in COVID-19 cases continue to weigh on the market. Hence, Brent crude for December delivery rose by 74 cents, or 1.8%, to end at $41.20 a barrel. At the same time, U.S. WTI crude for December delivery soared by $1.01, or 2.6%, to settle at $39.57 a barrel.
read more... 28/10/2020
German solar output at record high
German solar PV plants have already generated more electricity in 2020 than in any previous year, supported by an increase in capacity.
read more... 28/10/2020
Fluxys consults on expansion of Belgian-Dutch VIP
Belgian system operator Fluxys has launched a consultation on its planned expansion of the Belgian-Dutch virtual interconnection point (VIP Bene) to include the physical Zelzate 2 border connection, where the Zebra pipeline delivers to the Netherlands.
read more... 28/10/2020
Norway’s oil, gas exploration falls in 2020
The Norwegian petroleum directorate (NPD) said today a lack of new discoveries offshore Norway could rapidly reduce oil and gas production after 2030, as the number of exploration wells drilled this year is set to halve from 2019.
read more... 28/10/2020
Daily (27.10.2020): Brent and WTI crude settled at 3-week lows on Monday amid surging coronavirus cases worldwide
Crude oil futures fell on Monday in response to surging coronavirus cases in the US and Europe, where several countries have already implemented new restrictions, raising concerns about the impact of the pandemic on oil demand. Extra pressure on oil prices comes from increasing Libyan crude oil production and exports after the country recently lifted the force majeure. Hence, Brent crude shed by $1.31, or 3.1%, to settle at $40.46 a barrel. U.S. WTI crude dropped by $1.29, or 3.2%, to close at $38.56 a barrel. Both, WTI and Brent crude marked their lowest settlements since Oct. 2.
read more... 27/10/2020