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Daily (20.04.2021): Supply concerns due to high Asian LNG prices and bullish oil lifted British gas prices on Monday
Crude oil markets moved sideways on Monday, but a weaker U.S. Dollar offered some bullish support. However, the gains were capped by the resurgence of the pandemic in India and negotiations likely to lead to a relaxation of economic sanctions against Iran. Hence, Brent crude rose by 0.4% to settle at $67.05 a barrel. U.S. WTI crude closed at $63.38 a barrel, posting equally a 0.4% gain.
read more... 20/04/2021
Global energy CO2 emissions forecast to rise 5% in 2021 on revived coal burn
Global energy-related CO2 emissions are on course to surge by almost 5% in 2021 to 33 billion tonnes, the second-largest increase in history, the International Energy Agency said April 20 in its Global Energy Review 2021.
read more... 20/04/2021
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Early Belgian gas switch could speed up Groningen halt
The last Belgian low-calorie gas users could be switched over by the end of 2024, well ahead of the previously expected final switch by the end of 2029, the Belgian energy ministry said in a letter to its Dutch counterpart. This could end exports of low-calorie gas to Belgium — excluding those sent on to France — from the Netherlands by the end of 2024, Dutch economy minister Bas van 't Wout said.
read more... 20/04/2021
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BP Plans $1.3 Billion Gas Collection System To Eliminate Flaring
Supermajor BP plans to invest $1.3 billion on constructing a system that would capture and collect natural gas released during oil production in the Permian to eliminate the highly controversial practice of flaring, the Wall Street Journal reports, adding that the company could announce an end to flaring by 2025.
read more... 20/04/2021
Daily (19.04.2021): NBP spot rose by 2% to a 2-month high on Friday due to persisting cold weather
Crude oil prices edged lower on Friday, as encouraging economic indicators from the United States and China were offset by coronavirus concerns. As such, Brent oil slipped by 0.3% to $66.77 a barrel, and WTI crude lost 0.5% to close at $63.13 a barrel.
read more... 19/04/2021