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Daily (25.11.2020): Oil futures surged to 9-month high on Monday amid strong optimism on coronavirus vaccine, transition to Biden presidency
Crude oil futures climbed to fresh multi-month highs on Tuesday as optimism arising from potential coronavirus vaccines overshadows inventory build-up in the US. The beginning of transition of power in the White House added further support to WTI. Hence, Brent crude surged by $1.80, or 3.9%, to close at $47.86 per barrel. Meanwhile, U.S.WTI crude soared by $1.85, or 4.3%, to finish at $44.91 per barrel. Both contracts reached their highest settlements since March, even returning to levels before the outbreak of the coronavirus pandemic.
read more... 25/11/2020
UK ranked fifth-best country for renewable deployment
The US has held its place at the top of the global ranking, while China remains in the second spot, according to EY’s Renewable Energy Country Attractiveness Index
read more... 25/11/2020
Serbian section of TurkStream extension not ready before spring 2021
The Serbian section of the TurkStream gas pipeline extension is not expected to be ready until at least spring 2021, missing a previous target for first gas to flow by the end of 2020, industry sources close to the project said.
read more... 25/11/2020
Coal supply resumes, two private power plants to restart operations
Private plants faced coal shortage after freight trains were suspended by the central government over the stalemate with protesting farmers’ unions on resumption of passenger trains
read more... 25/11/2020
Daily (24.11.2020): Oil prices hit multi-month highs on Monday as the vaccine race intensifies
Crude oil futures hit multi-month highs on Monday as hopes of a new coronavirus vaccine 70% effective in late-stage trials unveiled by European drug maker AstraZeneca offset concerns about the surging number of infections and lockdown measures. Hence, Brent crude for January delivery soared by 2.5% to settle at $46.06 a barrel. Meanwhile, U.S. WTI crude rose by 1.5% to close at $43.06 a barrel.
read more... 24/11/2020