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Daily (04.09.2020): Oil prices fell on Thursday, with Brent at its lowest settlement since July 31 amid gloomy demand outlook
Crude oil prices extended losses on Thursday amid persistent concerns about the demand outlook a day after weak U.S. gasoline demand data. The market picture remains focused on muted demand growth in the United States and elsewhere, while global producers began to bring more supply into the market last month. In this context, Brent crude for November delivery declined slightly by 36 cents, or 0.8%, to settle at $44.07 a barrel, the lowest settlement since July 31. U.S. WTI crude for October delivery lost 14 cents, or 0.3%, to close at $41.37 a barrel, the lowest level since August 7.
read more... 04/09/2020
Baltic States agree to block nuclear power from Belarus
The ministries responsible for the energy sector in Estonia, Latvia and Lithuania have reached an agreement to cease electricity trading with Belarus when it commissions its nuclear power plant and to introduce a system of certificates stating the origin of electricity.
read more... 04/09/2020
Marine energy: Wales urged to be 'world leader'
Wales could be a world leader in marine energy and should make the industry a priority, a former energy minister has said.
read more... 04/09/2020
Moscow, Minsk addressing redirection of petroleum products supplies from Lithuanian ports
Russian and Belarusian companies are to develop economic terms of redirection of such deliveries, Russian Energy Minister Alexander Novak informed
read more... 04/09/2020
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Daily (03.09.2020): A sharp drop in German spot power price on lower demand
Oil prices eased on Wednesday due to lower gasoline demand in the United States, an indication that economic recovery from the Covid 19 crises may be slower than expected. Hence, Brent crude for November delivery fell 2.5% to settle at $44.43 a barrel. At the same time, WTI crude for October delivery dipped by around 3% to $41.51 a barrel.
read more... 03/09/2020