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Daily (29.12.2020): The energy markets on a front foot on Monday despite slightly lower oil prices, with investors back to the market after a Christmas break
Oil prices retreated on Monday as worries about looming new supply from OPEC+ and a weak demand a on the back of a new aggressive strain of the coronavirus overshadowed the positive news of the passing of a US stimulus package. Hence, Brent crude fell by 43 cents, or 0.84%, to settle at $50.86 a barrel. At the same time, U.S. WTI crude settled at $47.62 a barrel, declining by 61 cents, or 1.26% day-on-day.
read more... 29/12/2020
Nord Stream 2 gas pipeline says has completed section in German waters
The Russia-led Nord Stream 2 consortium said on Monday it has completed laying pipes for the project in German waters, finishing work on a 2.6 kilometre-long portion of the pipeline, which had been stalled by the threat of U.S. sanctions.
read more... 29/12/2020
Enel Romania's E-Distributie Muntenia invests 230 mln lei (47 mln euro) in network upgrades in 2020
E-Distributie Muntenia, part of the Romanian arm of Italian energy group Enel, said on Monday it has invested 230 million lei ($58 million/47 million euro) in electricity grid upgrades in 2020.
read more... 29/12/2020
China secures coal, gas and power supplies ahead of another cold wave
China has taken measures to secure natural gas, electricity and coal supplies ahead of another expected cold snap in coming days, the country's top policy planner, the National Development and Reform Commission, said in a Dec. 28 press conference, according to a transcript on its website.
read more... 29/12/2020
Daily (28.12.2020): Market influenced on Thursday by Brexit deal and Christmas holidays
Oil prices were marked by monotonous trading on Thursday, due to the approaching Christmas weekend. Brent crude and WTI oil ended rather flat at $51.29 and $48.23 a barrel respectively.
read more... 28/12/2020