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Russian Yamal gas flows into Germany remain eastbound again for 2nd day
Gas flows on the Yamal-Europe pipeline between Russia and Germany were flowing eastbound for the second day running on Sunday, data on German transmission company Gascade’s website showed.
read more... 08/11/2021
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OPEC+ needs to be careful in policy to balance market amid Q1 demand softening: UAE
OPEC+ needs to be careful in implementing its policy because it needs to balance the market amid forecasts of softening demand in the first quarter of 2022, the UAE's energy minister said on Nov. 8.
read more... 08/11/2021
Daily (05.11.2021): British near-term gas prices dropped sharply on Thursday after resumption of Russian gas flows to Germany through Yamal
Oil prices fell on Thursday, reversing earlier gains in a volatile session following news that Saudi Arabia's oil output will soon exceed 10 million barrels per day for the first time since the COVID-19 pandemic began. Hence, Brent crude decreased by 1.8% to settle at $80.54 a barrel, the lowest level since October 1. At the same time, U.S. WTI crude fell by 2.5%, to settle at $78.81 a barrel, the lowest level since October 7.
read more... 05/11/2021
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NextEra Energy files proposals for New Jersey offshore wind transmission
NextEra Energy Transmission Mid-Atlantic Holdings LLC, part of US utility group NextEra Energy Inc (NYSE:NEE), announced on Thursday that it has submitted proposals to build transmission lines to deliver offshore wind power into New Jersey.
read more... 05/11/2021
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OPEC+ rebuffs U.S. calls for speedier oil output increases
OPEC and its allies agreed at a meeting on Thursday to stick to plans to raise oil output by 400,000 barrels per day (bpd) from December, despite calls from the United States for extra supply to cool rising prices.
read more... 05/11/2021