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French gas demand dives 25% due to lockdown – TSOs
French gas demand has dived by a quarter since mid-March amid the economic slowdown caused by the coronavirus lockdown, with industrial demand slumping 40%, latest TSO data showed on Thursday.
read more... 10/04/2020
Daily (10.04.2020): Oil prices turned bearish on Thursday due to traders’ skepticism towards the OPEC historic deal
Oil futures fell sharply on Thursday as the traders doubted that the OPEC+ agreement to cut oil output by 10 million barrels per day would be enough to offset the massive destruction of the demand hit by the coronavirus pandemic.
read more... 10/04/2020
Global coal production to grow just 0.5% in 2020 – study
Global coal production is set to grow by just 0.5% in this year, as efforts to limit the spread of the coronavirus pandemic have hampered production in China, data and analytics firm GlobalData said on Thursday.
read more... 10/04/2020
Daily (09.04.2020): WTI crude jumps by over 6% on Wednesday, due to a potential supply cut agreement between OPEC and its allies.
Crude oil prices added ground on Wednesday, due to a potential supply cut deal this week between OPEC and its allies including Russia. Consequently, Brent crude rose by 3% to $32.84 a barrel. The news that U.S oil output was declining without government’s intervention also supported oil prices. As a result, WTI futures jumped by 6.2% to $25.09 a barrel.
read more... 09/04/2020
PGNiG sells first Klaipeda small-scale LNG cargoes
CRYO Shipping, a Norwegian LNG bunker fuel supplier, purchased both of the cargoes, according to a statement by PGNiG.
read more... 09/04/2020