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Daily (18.11.2020): Oil prices little changed on Tuesday, as fears of more coronavirus restrictions cooled off enthusiasm of vaccine
Crude oil prices were little changed on Tuesday as optimism about a second promising coronavirus vaccine faded in the face of concerns about the immediate outlook for demand. However, the conclusion of Monday’s OPEC+ meeting, with the majority of the producer countries supporting an extension of the output cuts beyond January has failed to boost the market sentiment. Hence, Brent crude lost 0.2% to end at $43.75 a barrel. At the same time, U.S. WTI crude added 0.2% to settle at $41.43 a barrel.
read more... 18/11/2020
Equinor to boost Johan Sverdrup output
Once again, the Equinor-operated Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year.
read more... 18/11/2020
Rosatom ships more components for two nuclear power plants built in Kudankulam
According to Rosatom, the loading of the ship with various components for the upcoming third and fourth unit was completed on October 30, and it left the port on November 13.
read more... 18/11/2020
Iberia ‘out of time’ to change power price limits
Spain and Portugal are "out of time" to change the current cap and floor in Iberian day-ahead and intra-day wholesale power prices,following changes to European regulation at the start of this year, the European Federation of Energy Traders (Efet) said.
read more... 18/11/2020
Daily (17.11.2020): EUAs hit a six-week high on Monday amid news of second vaccine
Crude oil prices surged on Monday after Moderna’s report on the progress in its Covid-19 vaccine boosted the whole energy complex, with investors reacting to the prospect of life returning to pre-pandemic levels. Hence, Brent crude soared by $1.04, or 2.4%, to settle at $43.82 per barrel. At the same time, U.S. WTI crude climbed by $1.21, or 3%, to end at $41.34 per barrel.
read more... 17/11/2020